US fintech Achieve bags $225m debt facility
California-based fintech Achieve has secured a new $225 million debt facility provided by O’Connor Capital Solutions and an unnamed “multi-trillion-dollar asset manager”.
Achieve lands $225 million debt facility
Aimed at underserved consumers in the US, Achieve offers digital personal finance and lending services including home loans, personal loans and help with debt, as well as financial tools and education resources.
The company claims to have served over one million customers and resolved or consolidated over $24 billion in debt since its launch in 2002.
Ralph Leung, CFO at Achieve, says the firm utilises “modern technology powered by deep data and analytics” to deliver personalised offerings to users.
Achieve plans to use the new funds to invest in its platform technology, boost its marketing and fuel the research and development of new solutions.
Leung adds the new partnership with firms such as O’Connor Capital Solutions “speeds our growth of existing products, supports development of new solutions and brings our capabilities to market through our new brand”.
