BlueTape (formerly LinqPal), a B2B BNPL provider for the construction industry, has raised USD 55 million in funding, which includes USD 50 million in debt funding led by Arcadia Funds and USD 5 million in seed funding led by Chicago Ventures. The round also includes participation from construction industry executives, real estate developers, and Plug and Play Ventures.
The proceeds are to be used to increase lending, expand its team, and for product development.
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