SurgePays announces $7 million debt financing aimed at accelerating growth through a convertible note agreement with an institutional shareholder.
Amount Raised
$7 Million
Round Type
Convertible Note
BartlettFinancial ServicesLending And InvestmentsFinanceFintechCapital MarketsInvestors
Description
SurgePays, Inc. has entered into a $7 million senior secured convertible note agreement with an institutional shareholder. This investment will help accelerate the nationwide launch of LinkUp Mobile and expand the MVNE wholesale business. The company aims to exceed $200 million in revenue over the next 12 months
Quick answer
SurgePays raised $7 Million in a Convertible Note round, dated May 13, 2025. Investors: Current Institutional Shareholder. SurgePays is based in Bartlett, Tennessee, United States.
- How much did SurgePays raise?
- SurgePays raised $7 Million in a Convertible Note round on May 13, 2025.
- Who invested in SurgePays?
- Current Institutional Shareholder is named as investors in this round.
- What does SurgePays do?
- SurgePays, Inc. is a wireless and fintech company focused on delivering mobile connectivity and financial services to underserved communities.
- Where is SurgePays based and how big is it?
- SurgePays is based in Bartlett, Tennessee, United States. Fundz records about 130 employees.
- Who are the decision-makers at SurgePays?
- Fundz holds 3 contacts at SurgePays. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Lending And Investments around the same time
Companies in the same sectors as SurgePays that raised within 45 days of this round, from Fundz verified event records.
- Yieldstreet raised $45M (Series D) on June 2, 2025.
- Digital Asset Acquisition raised $135M (Funding Round) on June 24, 2025.
- Conquest Planning raised $80M (Series B) on June 23, 2025.
- Parabolic Technologies, Inc. raised $150K on June 23, 2025.
- Nakamoto raised $52M on June 19, 2025.
- Hyperion Defi, Inc. raised $50M (Post-IPO Equity) on June 18, 2025.
Who to call at SurgePays, and when
A new round usually means SurgePays is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day SurgePays raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at SurgePays, from your own LinkedIn network
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Related People
SurgePays raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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