QuadPay Secures Revolving Line of Credit of Up to $200 million from Goldman Sachs, Oaktree Capital
Summary
QuadPay secured its credit facility from Goldman Sachs and Oaktree with advisory from Finitive, leveraging their direct lending platform. “The global BNPL market is expected to grow significantly as retailers leverage alternative payment services to reach more customers. “We are thrilled for this financing partnership with Goldman Sachs and Oaktree Capital to assist our growth and continued participation in this trend,” said Adam Ezra, co-CEO of QuadPay. “We are also particularly pleased to be completing this transaction despite being in the middle of a pandemic and are grateful to Finitive who assisted from the commencement of our process.” “QuadPay has a strong management team and compelling offering. Finitive’s originator partners gain efficient access to a global network of investors who are actively allocating to alternative lending.