New Credit Fund Helps SaaS & Subscription Startups Scale With Debt Capital
Interview: 3 Questions with Francis Shih of Arc Labs
Date: December 18, 2018
SaaS technologies and subscription-based businesses are all the rage because everyone loves recurring revenue. But these businesses require continued investment in technology or inventory and can be very difficult to fund at the seed stage.
PayJoy Raises $20 Million In Debt Financing From Arc Labs To Bring Smartphones And Credit To The Underbanked In Mexico
Date: December 6, 2018
FintekNews is pleased to offer our readers our “3 Questions With…” column, where we chat with a thought leader within a unique sector of fintech and ask them to answer just 3 questions for our audience in their vernacular. This week, we’d like to introduce you to Francis Shih of Arc Labs.
Arc Labs Makes US$10M Debt Investment in Mexican FinTech Startup Creze (en Español)
Date: November 1, 2018
PayJoy, a company leading credit access in emerging markets via smartphone financing, signs a $20 million debt-financing deal with Arc Labs, a venture partner to innovative companies serving the underbanked. PayJoy's patented, pay-as-you-go financing system helps consumers with not only mobile device financing, but also unsecured lending, by using a customer's phone for underwriting data and as collateral. PayJoy will use the funding from Arc Labs to spread financial inclusion and alternative financing options nationwide in Mexico.
Arc Labs made a US$10m debt investment in Creze, a Mexican startup providing financial services to SMBs (PYMES). DILA Capital and Mountain Nazca invested MXN$50m in Creze in 2017.