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VIVA Finance Secures $150 Million Credit Facility From Viola Credit
VIVA Finance secures a $150 million credit facility from Viola Credit to expand payroll-linked consumer lending.
Key points
- VIVA Finance secured a $150 million credit facility from Viola Credit.
- The Atlanta-based fintech specializes in payroll-linked consumer lending.
- VIVA integrates repayments with employees' direct deposits to support underwriting.
Why it matters. The facility gives VIVA additional lending capacity to scale its payroll-linked platform and reach consumers with limited access to traditional financial products.
VIVA Finance, an Atlanta-based fintech specializing in payroll-linked consumer lending, has secured a $150 million credit facility from Viola Credit. The company said the financing will expand its lending operations and increase access to affordable personal loans. VIVA, founded by CEO Jack Markwalter, integrates repayments directly with employees' direct deposits to support underwriting and more predictable repayments.
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VIVA Finance Secures $150 Million Credit Facility From Viola Credit
VIVA Finance, an Atlanta-based financial technology company, announced it has secured a $150 million credit facility from Viola Credit. The company specializes in payroll-linked consumer lending, a model that deducts loan repayments directly from borrowers' paychecks to reduce default risk. VIVA Finance said the new capital will be used to expand its lending operations and offer more affordable personal loans to U.S. consumers. The facility is structured to scale with loan origination volume as the company grows its borrower base.