Elevate Credit, a tech-enabled provider of online credit solutions for non-prime consumers, amended the credit facilities for its four products with alternative investment firm Victory Park Capital.
Kevin Burke joined Victory Park Capital as a partner based in Chicago. Burke will be responsible for managing investment strategies in both existing and new asset classes.
Victory Park Capital brought in 20-year industry veteran Troy Jamison as chief risk officer for the firm’s non-bank financial services portfolio.
Applied Data Finance, a technology-enabled lender and asset manager, increased its existing credit facility with investment firm Victory Park Capital from $50 million to $75 million and extended it through 2021.
Victory Park Capital provided a $100 million credit facility along with a $3 million equity investment to Cognical to expand its omnichannel lease-to-own payment platform for in-store and online shopping.
The Wall Street Journal reported that Zhengyuan Lu, fintech lender OnDeck’s vice president of capital markets, joined Victory Park Capital.
Victory Park Capital provided a $25 million secured credit facility to West Creek Financial and also led an equity raise.