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News by FinTech Collective Archive

Loanpal raises $800m in new funding

Sarah Wolter

January 27, 2021

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Sarah Wolter

San Francisco based point-of-sale payment platform for solar and other home efficiency solutions raised more than $800m in new funding led by NEA and WestCap Group.

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Loanpal earlier this month closed a securitization of about $474 million worth of loans previously bought by Goldman Sachs Lending Partners LLC and Blackstone Credit, among others. prn.to/3sZ21zf Blackstone Group Inc, through funds managed or advised its credit investment platform, in 2020 committed to invest in up to $300 million of residential solar loans originated and serviced on the Loanpal platform.

https://www.reuters.com/article/loanpal-funding-solar-idUSL4N2K13QR

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More posts by Sarah Wolter

Canada announces date for real-time payments system launch

Canada announces date for real-time payments system launch

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Stripe, doubling down on embedded finance, de-couples payments from the rest of its stack

Stripe, doubling down on embedded finance, de-couples payments from the rest of its stack

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FTC bans noncompete agreements that restrict job switching

FTC bans noncompete agreements that restrict job switching

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Fund offering 'venture capital' exposure sends investors on meme-like ride

Fund offering 'venture capital' exposure sends investors on meme-like ride

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