Columbia Pacific Enterprise Finance (CPBF), an evergreen fund offering direct financing to rising development and center market corporations, has delivered a USD17 million time period mortgage to Simpay, an unbiased gross sales organisation specialising in service provider service options headquartered close to Philadelphia.
The funds offered by CPBF can be used to refinance current debt and fund growth of Simpay’s gross sales and repair initiatives.
“Simpay has a wealthy historical past of innovation and repair that has produced a sturdy and diversified enterprise,” says Trent Stedman, managing director of CPBF. “We’re happy to accomplice with the Simpay staff as they speed up the corporate’s strategic plan by way of gross sales and product initiatives.”
“We’re thrilled to have a dependable lending accomplice in Columbia Pacific Enterprise Finance as we proceed our EOS journey. Columbia Pacific Enterprise Finance brings significant expertise investing in each fee processing and software-as-a-service platforms and understands our plan for rising the Simpay model,” says Lazaros Kalemis, CEO of Simpay.