Quadfi Secures Us $100M (Cad $127M) Financing Facility With Crayhill Capital Management
PRIVATEApr 20, 2022
Amount Raised
$100 Million
Round Type
Funding Round
Toronto
Description
QuadFi, a mission driven global fintech firm headquartered in Canada, today announced that it has entered into an agreement for a new financing facility of up to US $100M (CAD $127M) with Crayhill Capital Management, a New York-based minority-owned private credit manager. The facility will be used by QuadFi to provide personal loans to people with limited credit history, but with a strong current income and a bright financial outlook, including young people and immigrants.
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Company Information
Company
Quad Fi
Location
Toronto, Ontario, Canada
About
QuadFi provides underserved credit groups, including immigrants and young people, with access to fair and affordable financial products. The company leverages data science to challenge outdated, biased, inaccurate underwriting, combining alternative data from domestic and international sources with proprietary AI/ML modeling.
QuadFi identifies opportunities to address financial exclusion by focusing on the intersection of global migration, financial data, and personal data. Created by first-generation immigrants and proudly based in Toronto, Canada, QuadFi is building a borderless financial future.
For more information on Quad-Fi, please contact Mehdi Ghaffari at m.ghaffari@quadfi.com.
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Toronto