RBL Capital Provides $15MM Facility for Net Element
Net Element, a provider of mobile payment technology solutions, closed a renewal and increase to $15 million from lender RBL Capital.
May 5, 2016
Net Element | RBL Capital
ABF Journal
Net Element, a provider of mobile payment technology solutions, closed a renewal and increase to $15 million from lender RBL Capital.
Net Element announced Alfa-Bank has renewed/increased Net Element’s Russian subsidiary OOO TOT Money facility from 300 million Russian rubles to 415 million Russian rubles (approximately $11 million at current exchange rate).
Net Element announced it closed a $10 million credit facility from RBL Capital Group. This closing represents the second funding in the company’s previously announced $30 million financing round.