According to the press release, QuadPay will use the credit facility to expand its Buy Now, Pay Later (BNPL) business to new merchants throughout the US. QuadPay secured its credit facility from Goldman Sachs and Oaktree with advisory from Finitive, leveraging their direct lending platform. The facility was structured in a special purpose vehicle (SPV) secured by QuadPay’s existing instalment receivables portfolio.
Furthermore, QuadPay provides consumers with a simple, transparent, and financially responsible alternative to traditional credit, enabling more than 1.8 million customers to pay in four interest-free instalments over six weeks. The company's app, enables integration for merchants and the ability for customers to shop online and in-store interest-free, not just with QuadPay's 4,700 integrated merchants, but with global retailers too.
Finitive is a financial technology platform providing institutional investors with direct access to alternative lending investments. Through Finitive, institutional investors access a multi-trillion-dollar market that encompasses a broad spectrum of non-bank lending sectors, including specialty finance, online lending, marketplace lending, and private credit funds.
Moreover, Finitive’s originator partners gain efficient access to a global network of investors who are actively allocating to alternative lending. All regulated activities are conducted through North Capital Private Securities, a registered broker-dealer and member FINRA/SIPC.
