Gulp Data, a San Juan, Puerto Rico-based company which specializes in data-backed loans, raised up to $25M Credit facility.
The backers were not disclosed.
The company intends to use the funds to expand its lending capacity.
Founded in 2021 by Lauren Cascio, Gulp Data can perform rapid data valuations to offer non-dilutive loans using copies of the borrowers’ data as collateral. Capable of pre-approving a loan in 24 hours, it operates globally and offers its services to businesses of all sizes, regardless of their valuation and stage. Gulp Data complies with security practices and safeguards for data, using security technologies and procedures to protect the information from unauthorized access, use, or disclosure at all times.
Since May 2022, the company has completed over 800 data valuations. Clients and partners include Fortune 100 companies and preeminent global consulting firms.
FinSMEs
02/07/2023