OneBlinc, a financial technology company that provides payroll loans for federal employees, secured a new $100 million credit facility with Clear Haven. This financial milestone aims to fuel future portfolio growth and refinance OneBlinc’s existing credit facility.
“Our partnership with Clear Haven reinforces the trust and credibility OneBlinc has cultivated,” Fabio Torelli, CEO of OneBlinc, said. “This collaboration underscores our unwavering commitment to our clients and mission.”
“Fabio has assembled an exceptional team at OneBlinc; we’re extremely excited to work with them as they build on their commitment to expand access to banking and financial services in underserved communities,” Mark Simmer, managing partner at Clear Haven, said.
“This deal not only strengthens our financial position but aligns perfectly with our ongoing mission to serve those who need it most,” George Ermel, CFO at OneBlinc, said. “We’re committed to delivering on our promise to our clients, and this partnership with Clear Haven puts us in an excellent position to continue that important work.”
