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Briefs: MoneyMe increases warehouse capacity Marmalade secures growth funding

Consumer lender MoneyMe has secured an increase in the facility limit of its Autopay 2021 warehouse, taking it from $375 million to $750 million. The warehouse is used to fund loan originations of MoneyMe’s car loan, Autopay. The agreement includes financing of channel commissions related to loan originations in the structure, freeing up cash in the business and making the warehouse more capital efficient.

 

Small business invoice management software provider Marmalade has raised $16 million of capital. The funding round was led by investor Blue Stamp Co and with participation from existing investor Paloma Capital. Marmalade said that its software is used to process half a billion dollars of invoice value a year and it will use the funding to grow customer number and develop products.

 

 

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