Stilt: Raises $114M In Equity and Debt Funding

Stilt Raises $114M In Equity and Debt Funding

  • Stilt, a San Francisco, CA-based provider of financial services for immigrants, raised $114M in Equity and Debt funding
  • The $10m round was led by Link Ventures, with participation from Petrushka Investments, Hillsven Capital, Gokul Rajaram, Claire Hughes Johnson
  • The company also has closed on a new $100m debt facility for lending to its loan customers, bringing its total raised to $375m in equity and debt financing
  • The company intends to use the funds to expand operations, product and team
  • The company is a mission-driven company building technology to democratize access to transparent credit products for the millions who are currently shut out by the financial system
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Visa Strengthens Presence with Acquisition of Prisma Medios de Pago

Visa enhances its Latin American footprint by acquiring Prisma and NewPay.Highlights: Visa acquires Prisma Medios de Pago and...

Bank of Ireland UK Fined $3.7 Million for Delayed Anti-Fraud Tool Implementation

Regulator penalizes the bank for missing critical compliance deadlines.Highlights: Bank of Ireland UK fined $3.7 million by PRA.Penalty...

eBay Invests in TrueLayer, Strengthening Pay By Bank Initiative

The partnership aims to enhance direct bank transfers for eBay users.Highlights: eBay invests in TrueLayer to enhance payment...

Vestwell Doubles Valuation After $385 Million Series E Funding

U.S. savings platform Vestwell gains significant investment, boosting growth potential.Highlights: Vestwell raises $385 million in Series E funding.Valuation...