Ampla, a provider of financial solutions for consumer brands, closed a new $275 million credit facility with Citi and funds managed by Waterfall Asset Management. This brings the total capital raised by Ampla to more than $600 million from investors, including Goldman Sachs and Atalaya Capital. The new funds will aid Ampla’s expansion initiatives, allowing the company to further enhance its suite of products for consumer brands.
“This additional capital marks a significant milestone for Ampla as we continue our mission to empower consumer brands and comes at a time when we are aggressively expanding our product offerings to include a broader base of cards and software products,” Anthony Santomo, CEO of Ampla, said.
“Ampla’s commitment to innovation and its track record effectively serving consumer brands is commendable,” Justin Myers from Waterfall Asset Management, said. “We are pleased to support Ampla’s expansion plans and look forward to a successful partnership.”
