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LendingUSA, a Point of Sale fintech Receives $200 Million Investment From Atalaya capital Management

September 07, 2020 / PR Newswire

LendingUSA, a leading point-of-sale financing provider, has announced that it closed a new credit facility and received a total financing package of up to $200 Million from Atalaya Capital Management, a privately held investment advisory firm based out of New York. LendingUSA is a point-of-sale (POS) fintech company that offers merchants a seamless financing solution with access to instant pre-approval decisions, promotional financing terms, and low monthly payment options. This announcement follows Atalaya's previous investment of $250 Million in 2019. Since its inception, LendingUSA has grown to over 10,000 merchant clients nationwide and has processed over $2 billion in borrower loan requests. LendingUSA offers its merchants access to its easy-to-use platform that allows them to complete applications in a matter of minutes and receive loan decisions within seconds.