VOX Funding has secured a $150m (approximately £111m) credit facility from New York-based investment firm Raven Capital.
Vox provides working capital solutions to businesses across the US, with offices in New York, Pennsylvania and South Carolina.
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The company, founded in 2018, said it will use the funding to continue to scale in a bid to become a leader in alternative credit. It has so far funded over $750m through its platform.
“This partnership arising from Raven Capital’s expertise and deep understanding of our business marks a significant step forward in our long-term vision,” said Adam Benowitz, chief executive of VOX Funding.
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“It enables us to continue our mission, deepen the value we offer to our partners, and maintain the standard of what alternative financing should look like in 2025 and beyond.”
