It is also in the process of finalising a merger with an undisclosed payments platform. USD 3 million of the Series A raise is set to go to the merger partner to finalise this transaction, according to the company.
Applications of interest for the funding round close on December 10th, 2021.
The business claims that it has already settled more than USD 50 million worth of loans to date and has USD 655 million in approved pipeline volume for the coming months.
The capital raised is set to support the corporate merger as well as the WLTH Pay product, expected to launch in February 2021. The merger partner will provide the technology infrastructure for this product, allowing customers to access the product via one platform.
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