Credit fintech Liquidity lands $775m to fuel growth
Credit-oriented fintech platform Liquidity Group is set to receive $775 million worth of capital commitments led by asset manager Apollo Funds and MUFG Bank.
Apollo Funds will stump up $425 million for a credit facility to help Liquidity scale its lending activity and MUFG Bank will contribute $300 million for a debt fund joint venture called Mars Growth.
An additional $50 million SAFE (simple agreement for future equity) note investment by Apollo Funds, MUFG Innovation Partners, and Spark Capital rounds out the raise.
Apollo partner Joshua Black will also join Liquidity’s board of directors.
Liquidity Group CEO and co-founder Ron Daniel says: “Working with Apollo will allow us to continue our own expansion, fund more companies, and provide reliable returns on investment to our partners.”
MUFG Bank is already a capital partner to Liquidity, having invested equity venture capital in the business as well as formed multiple joint lending ventures.
Founded in 2018, the Liquidity data-driven platform invests, syndicates, and automates growth and middle-market lending, providing capital to later stage technology firms. It combines real-time data with proprietary machine learning technology to offer tailored financing that matches a company’s future growth.