Cabicash Solutions, dba Ualett, a Delaware-based online cash advance app targeted to the gig community, has partnered with Thiele Capital Management to establish a $50 million line of credit to continue expanding service for clients across the United States.
“Ualett has identified a solution for independent contractors to quickly acquire necessary funding from an easy and simple to use app,” Ricky Michel Presbot, co-founder and CEO of Ualett, said.
“Securing our credit facility from Thiele Capital Management sets us up for a tremendous growth opportunity going forward,” Michael Havraniak, CFO of Ualett, said.
“The team at Ualett has accomplished so much in such a short period,” Alex Thiele, CIO of Thiele Capital Management, said. “They have the perfect combination of talent on their team, product-market fit, and a focus on customer satisfaction that will continue to transform how the gig economy funds itself. Thiele Capital Management is excited to help power Ualett’s continued growth.”
