Vesta, a Portland, OR-based provider of a transaction guarantee platform for online purchases, received a $25M loan from Runway Growth Capital.
The non-dilutive financing will provide Vesta with additional working capital to support growth.
Led by CEO Ron Hynes, Vesta is a provider of a transaction guarantee platform for online purchases, delivering approval rates and a customer experience while eliminating fraud for brands in telco, ecommerce, travel, and financial services. Using data science and machine learning backed by 26 years of experience, companies around the world use Vesta to increase the completion of legitimate sales and eliminate chargebacks and other forms of digital fraud in real time. The company delivers liability-free transaction and revenue protection, allowing merchants to focus on growing their business.
Vesta is headquartered in Portland, OR, with offices in Atlanta, Miami, Ireland, Mexico, and Singapore.
FinSMEs
09/01/2023
Runway Growth Capital LLC is the investment advisor to investment funds, including Runway Growth Finance Corp. (Nasdaq: RWAY), a business development company, and other private funds, which are lenders of growth capital to companies seeking an alternative to raising equity. Led by industry veteran David Spreng, these funds provide senior term loans of $10 million to $100 million to fast-growing companies based in the United States and Canada. For more information on Runway Growth Capital LLC and its platform, please visit our website at www.runwaygrowth.com.