Ualett raises an additional $150 million credit line from long-time partner Thiele Capital Management to deepen outreach in underserved U.S. markets and scale its advancing solutions for gig workers.
Highlights:
-
Ualett secures $150 million debt facility from Thiele Capital to bolster growth initiatives.
-
The three-year credit line complements its earlier $50 million facility from 2022 and fuels expansion into new geographic and worker segments.
-
Funds will support deeper market penetration in underserved regions and bring new products to more independent workers in the U.S
Summary (Clear Story):
Ualett, a fintech platform servicing gig economy workers with cash advance solutions, has secured an additional $150 million debt facility from existing investor Thiele Capital Management. This expanded credit line builds on their long-standing partnership, which began in 2022 with an initial $50 million agreement.
Over the next three years, Ualett plans to use this capital to intensify its market reach—particularly into underserved U.S. regions—and to innovate its offering for independent workers such as rideshare drivers, delivery couriers, and other “1099” professionals. The move underscores confidence from Thiele in Ualett’s mission, execution, and long-term growth trajectory in the rapidly evolving gig economy finance space.
