DelayPay announces new $20 million debt funding facility
- By: "Farm Tender" News
- Farm Tender, DelayPay & Farm Inputs
- Jun 02, 2021
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Findex Debt Advisory are pleased to have acted as debt arranger and advisor to DelayPay on their new debt funding facility of $20 million. The facility provides DelayPay a more flexible financing option which will allow continued growth to more than double in size over the next few years.
DelayPay co-founder and CEO, Kelsey Miller said “DelayPay’s business model is now well proven and ready for expansion. The size and flexibility of our new facility will enable us to provide even better service to our customers whilst providing the foundation for the rapid growth we are expecting over the next few years. We have greatly appreciated Findex’s expertise and diligence throughout this financing process.”
Findex would also like to thank the team at Longreach Credit Investors who were great to work with on this financing due to their pragmatic and solutions-driven approach. Longreach is an excellent funding partner for DelayPay.
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