Payroll fintech OneBlinc secures $100m credit facility with Clear Haven
OneBlinc, the Florida, US-based fintech specialising in payroll loans for Federal employees, has landed a $100 million credit facility with capital management company Clear Haven.
OneBlinc secures $100m credit facility with Clear Haven
The fintech says the expansion and refinancing of its existing credit facility will “sustain its efforts in helping underserved clients” as it seeks to grow its current portfolio and presence in the US market.
“This deal not only strengthens our financial position but aligns perfectly with our ongoing mission to serve those who need it most,” explains George Ermel, CFO at OneBlinc. “This partnership with Clear Haven puts us in an excellent position to continue that important work.”
The company completed its Series A funding round in June 2022, where it raised $20 million led by Brazilian bank Banco Bradesco.
The fintech also announced its partnership with Singapore-headquartered big data company Mintech in June 2023, through which it plans to leverage Mintech’s data points to train artificial intelligence (AI) alternative credit models and help firms “maintain access to fair funding at scale”.
