Think Finance Gets $90 Million Credit Line But Mum On IPO
Think Finance, which is backed by Sequoia Capital and Technology Crossover Ventures, has secured a $90 million credit facility that it will use to provide more products to consumers with less than stellar credit histories. Founded in 2001, Think Finance targets the needs of the “unbanked,” offering things like prepaid debit cards, lines of credit and payday or installment loans to consumers who don’t have traditional bank accounts. It plans to use the $90 million credit line, from Victory Park Capital Advisors, to offer more of these products, says Ken Rees, CEO of Think Finance.
22 September 2010•2 mins read
