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P97 Secures $40 Million Of Venture Debt Financing From An Affiliate Of Peak Rock Capital

Jan 06, 2022over 3 years ago

Amount Raised

$40 Million

Houston

Description

P97 Networks, the leading mobile commerce platform provider to the convenience retail, fuels marketing, and automotive industries, today announced that it has secured $40 million of venture debt financing from an affiliate of Peak Rock Capital, a leading middle-market private investment firm. This new credit facility was designed to support several key growth initiatives at P97.

Company Information

Company

P97

Location

Houston, Texas, United States

About

Beyond commerce, the platform serves as an engagement engine, where payments are tokenized for security and then tailored to experiences that meet consumers’ needs in unique and personalized ways. “P97 has become the industry standard in the convenience retail and fuel marketing industry, and we are very pleased to help the company reach its next level of scale and growth,” said Nick Basso, Managing Director at Peak Rock Capital.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech