Fair Square Financial, a Wilmington, Del.-based marketer of a credit card, received a $100m equity investment.
The Orogen Group made the investment. In connection with the investment, Ruchi Madan, managing director of Orogen, and David Caplan, partner and general counsel of Atairos, have been appointed to the Board of Directors of Fair Square.
The company intends to use the funds to continue to grow the business.
Led by Rob Habgood, CEO, Fair Square uses advances in technology and data to assess risk at an individual level and qualify customers for credit and offer products under the Ollo brand to its target market.
The company is backed by Pine Brook.