Sunbit describes itself as a company that builds financial technology for real life. Sunbit, a company building financial technology for everyday expenses, has closed a $250m revolving debt facility.

Sunbit bags $250m to make everyday expenses easier This brought the total amount of asset-backed debt financing commitments secured by Avant in 2022 to $1.1bn and Avant’s total commitments to over $1.6bn to support its consumer credit portfolios. This fresh funding follows a $250m securitisation in September. It combines technology, analytics and superior customer service to help customers meet their financial goals. The FinTech company provides access to personal loans and credit cards. Overall deal activity from Q1-Q3 2022 reached 24 deals in total which puts deal activity on track to reach 32 deals in 2022, a 40% drop from the previous year.Īll-in-one FinTech app Curve locks in $1bn credit facilityįinancial super-app Curve has closed a deal to fund its first $1bn in loans with a facility provided by Credit Suisse.Īccording to Curve, the facility will enable Curve to scale its lending business – Curve Flex – across the UK, the EU and the US.Ĭurve claims the Flex product will allow customers to split any transaction they’ve made with Curve, at any merchant, using any card, anywhere in the world, into monthly instalments.Īvant secures $250m corporate debt from AresĪvant, a credit-first FinTech company, has received $250m in corporate debt and redeemable preferred equity from Ares Management Alternative Credit funds. While more eyes are on the FinTech sector than ever before, performances are proving to be poorer in certain markets.įor example, research by FinTech Global this week found that South African deal activity reached four deals in total during the third quarter of 2022, a 55% reduction from Q2 2022. Leading the way for investments this week was financial super-app Curve, who were able to fund its first $1bn in loans with a facility provided by Credit Suisse.Įlsewhere, credit-first FinTech Avant was able to lock in $250m in corporate debt and redeemable preferred equity.Īs 2022 winds to a close, it has been a mixed year for the industry. This week in FinTech proved to be a strong week for credit and financial technology-focused companies, with 36 investments being recorded.

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