What's New In Investments, Funds? - Finitive, Goldman Sachs, Oaktree

Editorial Staff

28 September 2020

Finitive, Goldman Sachs, Oaktree
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QuadPay secured the facility through Finitive's direct lending platform, Finitive said in a statement.

QuadPay will use the credit facility to expand its “buy now, pay later” (BNPL) business to new merchants throughout the US. QuadPay partners with merchants to allow their customers to pay via installments for merchandise purchased online or in-store. QuadPay recently merged with Zip Co to create a $2 billion global payments business. The combined entity has over 4 million customers and 26,000 merchant partners. QuadPay's facility was structured in a special purpose vehicle secured by the company's existing installment receivables portfolio.

"The global BNPL market is expected to grow significantly as retailers leverage alternative payment services to reach more customers,” Adam Ezra, co-CEO of QuadPay said.

Since its founding in August 2017, Finitive has enabled more than $2 billion in capital commitments from its investor network. All regulated activities are conducted through North Capital Private Securities, a US registered broker-dealer. QuadPay is also based in the US.