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Quadfi Secures Us $100M (Cad $127M) Financing Facility With Crayhill Capital Management

Apr 20, 2022•over 3 years ago

Amount Raised

$100 Million

Toronto

Description

QuadFi, a mission driven global fintech firm headquartered in Canada, today announced that it has entered into an agreement for a new financing facility of up to US $100M (CAD $127M) with Crayhill Capital Management, a New York-based minority-owned private credit manager. The facility will be used by QuadFi to provide personal loans to people with limited credit history, but with a strong current income and a bright financial outlook, including young people and immigrants.

Company Information

Company

Quad Fi

Location

Toronto, Ontario, Canada

About

QuadFi provides underserved credit groups, including immigrants and young people, with access to fair and affordable financial products. The company leverages data science to challenge outdated, biased, inaccurate underwriting, combining alternative data from domestic and international sources with proprietary AI/ML modeling. QuadFi identifies opportunities to address financial exclusion by focusing on the intersection of global migration, financial data, and personal data. Created by first-generation immigrants and proudly based in Toronto, Canada, QuadFi is building a borderless financial future. For more information on Quad-Fi, please contact Mehdi Ghaffari at m.ghaffari@quadfi.com.

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