Ampla, a provider of financial solutions for consumer brands, raised a $258 million credit warehouse facility with Goldman Sachs and Atalaya Capital Management. The new debt facility provides incremental financing to power Ampla’s growth capital products and allows the company to continue building its platform for consumer brands.
“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,” Anthony Santomo, CEO and co-founder of Ampla, said. “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. 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.”
The deal comes at a time when Ampla is evolving its product offering to encompass additional financial tools, including growth capital, digital banking, insights and its new Visa corporate card. Ampla recently reached major milestones, surpassing more than $1.5 billion in originations and processing a run-rate of $6 billion in transactions through its platform.
“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,” Brian Moore, a principal at Atalaya Capital Management, said.
