GovTech SaaS company Thentia Announces $15 Million Credit Facility with Espresso Capital Marking Second Major Capital Event in 2021

Thentia, a global leader in GovTech software as a service (SaaS), announced that it has secured a $15 million credit facility to support key investments and acquisitions as the company accelerates its rapid expansion into new markets. Partnering with Espresso on this $15 million credit facility will allow Thentia to continue to fuel its rapid ascent to the top of GovTech by enabling the company to continue executing on its key strategies while making important investments and acquisitions to enhance its core offerings, provide exceptional customer service to new and existing clients, ramp up its sales and marketing efforts to reach new audiences, and to deliver new products and services that deliver incremental revenue opportunities. The investment fuelled significant expansion in the following months, as Thentia made inroads on achieving its vision of becoming the preferred technology partner for regulators across all 50 U.S. states and Canada’s 10 provinces and three territories. Last month, the company announced its official entry into Quebec’s regulatory market, and just two weeks later was named the state-supported software provider for occupational licensing in the State of Oklahoma. “This upsized facility gives them the additional capital to expand their business while pursuing a number of important opportunities across North America and the EMEA region.” [To share your insights with us, please write to sghosh@martechseries.com]