Vesta Receives $25M Loan From Runway Growth Capital
Summary
Vesta, a Portland, OR-based provider of a transaction guarantee platform for online purchases, received a $25M loan from Runway Growth Capital. The non-dilutive financing will provide Vesta with additional working capital to support growth. Led by CEO Ron Hynes, Vesta is a provider of a transaction guarantee platform for online purchases, delivering approval rates and a customer experience while eliminating fraud for brands in telco, ecommerce, travel, and financial services. Using data science and machine learning backed by 26 years of experience, companies around the world use Vesta to increase the completion of legitimate sales and eliminate chargebacks and other forms of digital fraud in real time. The company delivers liability-free transaction and revenue protection, allowing merchants to focus on growing their business.
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