Global Analytics Holdings, Inc. announced that they have secured US$30 million in debt financing from Crystal Financial LLC. Global Analytics Holdings, Inc. is a web-based and analytics-driven financial services firm centering its operations on the population that have little or no access to banks worldwide. The company currently operates from the US but has active operations in India and the UK as well. Crystal Financial LLC, meanwhile, is an independent commercial financial institution in the US.
Global Analytics' total fundraising have now reached US$95 million with this round, US$50 million of the amount in equity funding and US$45 million in debt. The company had earlier raised capital from Mohr Davidow Ventures, QED Investors, Leapfrog Ventures, Crosslink Capital, as well as from a number of strategic investors.
"The additional capital will help us grow at 50 per cent through 2013-2014. A part of the funds will be used to boost our existing online lending operations in the UK and also to finance our expansion into the US," Global Analytics vice-president & general manager of Indian operations Mukund Venkatesh said in an interview with media.
Join the Conversation