US fintech Ampla secures $258m credit facility with Goldman Sachs and Atalaya
Ampla, a New York-based provider of financial and capital solutions for consumer brands, has secured a $258 million credit facility with Goldman Sachs and Atalaya Capital Management.
Through the provision of incremental financing, the facility will further support the development and deployment of the company’s growth capital products and its “all-in-one” platform for consumer brands.
Since launching in 2019, Ampla’s platform has connected consumer brands with embedded banking, bill pay, analytics, growth capital and corporate card solutions.
Anthony Santomo, the company’s CEO and co-founder, says the landscape for consumer brands has “changed dramatically over the last several years”, with Ampla’s platform evolving in tandem with these changes to ensure that “customers’ unique needs” are met.
“Despite macro challenges,” continues Santomo, “modern consumer brands have proved their resilience by leveraging technology to adjust quickly and Ampla has been alongside them every step of the way.”
He says the platform combines “flexible capital terms” with digital banking and corporate card products, which according to Santomo, positions Ampla as “the preeminent solution for consumer brands looking to free up cash flow, make their money work harder for them and fuel growth”.
The confirmation of the credit facility arrives alongside newly announced developments to the company’s offering, including a Visa-issued corporate card service and an extended payment terms solution, which have enabled it to surpass over $1.5 billion in originations and process a run-rate of $6 billion in transactions.