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Qwil raises $5 mln from Mosaik, NextGen, 500 Startups, SVB, others, wins debt financing

San Francisco based independent contractor payment and lending service has raised $5m of Series A capital led by Mosaik.  The company also announced $102m in debt financing led by Route 66.

Qwil, which provides a service to quickly pay independent contractors, will use the money to hire engineers, expand sales and marketing, and to address regulatory compliance.

Tags

lending, payments