Consumer brand FinTech Ampla locks in $258m credit deal with top-tier investors

Consumer brand FinTech Ampla locks in $258m credit deal with top-tier investors

Ampla, described as a foremost provider of financial solutions specifically tailored for consumer brands, has shared news of a significant financial milestone.

The company has successfully secured a $258m credit warehouse, an achievement made possible with the collaboration of two financial giants, Goldman Sachs and Atalaya Capital Management. This influx of capital is set to energise Ampla’s Growth Capital products and fortify its mission to build the definitive platform for Consumer Brands.

Pioneering the way, Ampla has an established reputation for empowering consumer brands with an array of innovative financial solutions. Their approach has witnessed an evolution, reflecting the changing dynamics of the consumer brand landscape over recent years.

This freshly acquired funding is designated for further product enhancement. Aiming to serve consumer brands holistically, Ampla’s portfolio already boasts of Growth Capital, Digital Banking, Insights, and the newly introduced Visa Corporate Card. Their achievements speak for themselves. Recently, they celebrated crossing over $1.5bn in originations and managing a whopping $6.0bn transaction run-rate on their platform.

Ampla CEO and co-founder Anthony Santomo remarked, “The landscape for consumer brands has changed dramatically over the last several years, and Ampla has evolved in tandem to continue to meet these customers’ unique needs. Despite macro challenges, modern consumer brands have proved their resilience by leveraging technology to adjust quickly and Ampla has been alongside them every step of the way.”

He further added, “Our platform today marries flexible capital terms with best-in-class digital banking and corporate card products that make us the preeminent solution for consumer brands looking to free up cash flow, make their money work harder for them, and fuel growth.”

Brian Moore, a Principal at Atalaya, expressed, “Atalaya is excited to help Ampla in their mission to bring a full-suite, customer-focused experience to Consumer Brands seeking capital, banking, and card solutions for their day-to-day needs. This new capital will allow Ampla to further enhance its position as a market leader across the Consumer Brand ecosystem and we are proud to add our unique structuring expertise.”

Beyond its current product line, Ampla aspires to roll out additional products that optimise operations for consumer brands. With such initiatives, they aim to bolster the probability of success for these brands. Names like Carbone Fine Foods, CUTS, and Serenity Kids are already reaping the benefits of Ampla’s platform.

It’s worth noting that this isn’t Ampla’s first major funding accomplishment. The firm successfully raised a $60m series A round as recently as December 2021.

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