Wilmington, Delaware-based fintech agency Marlette Holdings, whose subsidiaries develop and function the Greatest Egg on-line credit score and monetary wellness platform, has raised $225 million in a Collection E funding spherical.
The Greatest Egg platform was launched in 2014
The spherical was led by the Healthcare of Ontario Pension Plan (HOOPP), an unbiased supplier of pensions particularly tailor-made to Ontario’s healthcare sector, which manages over $80 billion in property.
Funding funds suggested by Davidson Kempner Capital Administration LP in addition to an undisclosed “giant worldwide financial institution” additionally participated.
The corporate claims the Greatest Egg platform had a “record-breaking yr” in 2021, bringing in $300 million in income and facilitating $4.6 billion in private loans. It additionally launched a Visa bank card product and a brand new monetary well being device.
The agency has facilitated greater than $16 billion in client loans for the reason that platform’s launch in 2014.
Andrew Deringer, chief capital officer at Marlette, says: “This capital elevate permits us to fund our rising bank card enterprise, discover expansions to our platform and consider extra strategic alternatives to create extra worth for our goal client.”