Netevia secures up to $120m in debt financing from WhiteHorse Capital
US-based fintech Netevia has secured up to $120 million in both committed and uncommitted capital through a newly established partnership with private investment firm WhiteHorse Capital.
Netevia secures up to $120 million in debt financing
The company says the new funding “consists of various debt facilities designated to complete key acquisitions, rollout new products and execute on strategic initiatives”.
Launched as the payment solutions arm of global technology and value-added solutions group Net Element in 2018, Netevia provides a suite of payment processing services that currently enable over 30,000 businesses across multiple industries to accept various forms of payments, including digital wallets, debit and credit cards, and Automated Clearing House (ACH) transactions.
The Miami-based company claims to have processed $12 billion for merchants to date, with the launch of its Mexico City office last month boosting its total employee headcount to over 150.
Netevia CEO Vlad Sadovskiy, who previously headed integrated payments for Net Element for over eight years, says the new funding “marks a pivotal moment” for the company as it readies for the “next phase of our growth journey”.
