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BetaKit· Jesse Cole·· 2 hours agoTop DealsAI Score58

Neo Financial secures $185M credit facility from ATB Financial and credit unions

Neo Financial secures $185-million credit facility from credit unions

AI Overview

Neo Financial closed a $185 million syndicated warehouse facility led by ATB Financial.

Why it matters

The facility, led by ATB Financial with several credit unions, shows how Canadian lenders can fund a fintech's card receivables without taking equity.

Source:BetaKit · betakit.com

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