QuadFi, a fintech company that assists students in meeting their financial obligations, reported that it has secured a deal with Crayhill Capital Management for a new financing facility of up to $100 million. Crayhill Capital Management is a New York-based alternative asset management organization that focuses on originating and investing in a variety of private, structured credit and asset-based opportunities. QuadFi will use the facility to fund personal loans to people with impaired credit, but with stable income and promising financial futures, such as younger generations and immigrants. In addition, QuadFi allows immigrants to use their financial histories from their home countries. This will be performed by collecting credit data, alternative data, and personal financial information sourced from open banking architectures, and inputting the data into its proprietary machine learning-based artificial intelligence underwriting algorithms. The new funding enables QuadFi to take a significant step toward achieving its long-term goal of increasing financial inclusion and assisting young, ambitious, and educated consumers in gaining the financial freedom that’s desired.
QuadFi Secures US $100M (CAD $127M) Financing Facility with Crayhill Capital Management
