Zip Closes $100 Million in Debt Funding From Victory Park Capital
11/02/20, 2:10 PM
Location
chicagoMoney raised
$100 million
Industry
lending
angel investment
venture capital
finance
financial services
Zip Co Limited, a leading player in the digital retail finance and payments industry, announced today it has closed a A$100 million debt funding agreement with Victory Park Capital (“VPC”), a leading global alternative investment firm. Zip offers point-of-sale credit and digital payment services to the retail, home, health, automotive and travel industries. This is Zip’s second transaction with VPC, having closed a A$108 million asset-backed warehouse facility with the firm in 2015 that later grew to A$200 million, making VPC one of Zip’s earliest partners.
Company Info
Location
chicago, illinois, united states
Additional Info
Victory Park Capital is a global alternative investment firm specializing in private credit. The firm was founded in 2007 and is headquartered in Chicago, Illinois, with additional resources in New York, Los Angeles, San Francisco, and London.