Thursday, January 19, 2017

BorrowersFirst Raises $100M In Debt Funding

Austin-based online consumer lending provider BorrowersFirst says it has raised $100M indebt financing, to go towards loan originations and to fund its growth. According to BorrowersFirst, the debt funding came from Waterfall Asset Management. The company said it has now raised more than $400M in capital to support its growth. BorrowersFirstisled by CEO Dave Tomlinson. The company makes fixed rate, personal loans to consumers, through its web site, and says it has create a technology-enabled, low-cost operating structure for its platform.