Investment firm Keystone National Group provided a $50 million senior secured credit facility to Braviant Holdings, a provider of tech-enabled credit solutions for underserved Americans.
The debt facility will allow Braviant to accelerate its growth in the near prime sector and expand its new lending platform, Chorus Credit. The company plans to use Chorus to close the credit gap for underbanked Americans by offering $2,500 to $10,000 personal loans that are repaid in small installments.
“Braviant is committed to helping non-prime consumers access high-quality credit solutions,” said Thomas Ervesun, president and COO at Braviant. “Our relationship with Keystone allows us to further our mission through the continued growth of our Chorus Credit platform.”
Founder and Chairman Matt Martorello added, “Braviant aspires to offer a path to prime for deserving consumers who have been left behind by traditional banking. It’s exciting to think about the positive social impact Braviant will have in the coming years as we strive to empower consumers with innovative products that build credit history and contribute to better financial outcomes.”
