Petal: Petal Closes $240M in Debt and Equity

Petal, a New York, NY, and Richmond, VA-based credit card and financial technology company, closed a committed $200m debt facility from Victory Park Capital. The company has also agreed to a multi-year extension of its existing term loan facilities and closed a new term loan facility for up to $20m of incremental commitments with Trinity Capital Inc. (NASDAQ: [...]The post Petal Closes $240M in Debt and Equity appeared first on FinSMEs.