Braviant Holdings Announces $40 Million Credit Facility with Redpoint Capital Group

Braviant Holdings, a leading fintech startup that offers analytics and technology-driven credit solutions for underserved Americans, has entered into a $40 million Senior Secured Credit Facility with Redpoint Capital Group for its wholly-owned subsidiary, Balance Credit.

Since inception, Balance has facilitated nearly $100 million in credit access to deserving consumers whose less-than-perfect credit scores make it difficult to qualify for mainstream banking products. Balance recently announced its expansion into the California market. With this new credit facility now in place, it is further positioned to meet the needs of the estimated 26 percent of Californians who are currently underserved by traditional banking products. In addition to California, Balance also offers or arranges personal loans in Delaware, Missouri, New Mexico, Ohio, South Carolina, Texas, Utah, and Wisconsin.

Additional funding will fuel the company’s continued growth story, including its ongoing efforts to expand into higher dollar, lower cost installment loans “to better meet the needs of the new middle class.”