Ampla: $275 Million Credit Facility Raised From Citi And Waterfall Asset Management

By Amit Chowdhry • Dec 20, 2023

Ampla – a leading provider of innovative financial solutions for consumer brands – recently announced the successful closure of a new $275 million credit facility with Citi and funds managed by Waterfall Asset Management. This brings the total capital raised by Ampla to over $600 million from top tier investors, including Goldman Sachs and Atalaya Capital.

The company’s ability to secure this substantial credit facility underscores confidence from the broader capital markets community in its value proposition and the commitment to serving consumer brands by providing tailored software products and financial services. Despite the economic environment, Ampla remains steadfast in its dedication to supporting businesses and helping them thrive.

The new funds will be essential in advancing Ampla’s expansion initiatives, enabling the company to further enhance its comprehensive suite of products for consumer brands. Ampla’s diverse product lines are designed to meet the unique needs of businesses, providing them with the flexibility required to navigate today’s dynamic market landscape.

The closing of this facility comes on the heels of Ampla’s successful partnerships with Goldman Sachs and Atalaya Capital Management, highlighting the company’s ability to secure top-tier financial backing. And Ampla’s continued growth is a testament to its resilience and unwavering commitment to delivering value to consumer brands.

KEY QUOTES:

“This additional capital marks a significant milestone for Ampla as we continue our mission to empower consumer brands, and comes at a time when we are aggressively expanding our product offerings to include a broader base of cards and software products.”

  • Anthony Santomo, CEO of Ampla

“Ampla’s commitment to innovation and its track record effectively serving consumer brands is commendable. We are pleased to support Ampla’s expansion plans and look forward to a successful partnership.”

  • Justin Myers from Waterfall Asset Management