Credibly Aquires Speciality Financing Company ProApprove.

MANews-(C)2009-2022

Michigan, US-based fintech lending platform Credibly has acquired US-based speciality finance company ProApprove, offering home improvement financing solutions to homeowners with prime, near-prime, and non-prime credit, the company said.

Terms of the transaction were not disclosed.

Castlelake, L.P., an alternative investment manager, has reached an agreement with ProApprove to acquire up to USD 350m of new home improvement installment contract receivables.

ProApprove, now powered by Credibly's data science, technology, and risk management expertise, originates...

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