<div>
  <ul>
    <li>
      <p>
        Deserve,&nbsp; a card issuing API infrastructure provider, has received a USD 250 million credit facility from Goldman Sachs, Cross River, and Waterfall Asset Management. The credit facility brings Deserve&rsquo;s total funds raised up to nearly USD 550 million.&nbsp;&nbsp;
      </p>
    </li>
    <li>
      <p>
        The newly raised funds will be put toward meeting the growing demand for the platform. Deserve also plans to expand the functionality of its platform in the future and introduce subscription management, BNPL, and home equity solutions, among others.&nbsp;
      </p>
    </li>
    <li>
      <p>
        Deserve reportedly saw a 650% YoY growth in transactions and an 800% increase in receivables in 2021.&nbsp;
      </p>
    </li>
  </ul>
  <p>
    &lt;ul&gt;&lt;li&gt;
    <b>Analyst QuickTake:</b>
     Deserve has seen an influx of funding in the past year. The company received 
    <a href="https://sp-edge.com/updates/6266">
      a strategic investment from Visa
    </a>
     in October 2021, just four months after raising 
    <a href="https://sp-edge.com/updates/3600">
      USD 50 million in Series D funding
    </a>
    . Similar to its plans with the credit facility funds, Deserve earmarked those funds to improve access to its platform and expand its operations to modernize enterprise credit card stacks.&lt;/ul&gt;
  </p>
</div>


<div>
  <p>
    <a href="https://www.businesswire.com/news/home/20220511005760/en/Deserve-Secures-250M-Credit-Facility-from-Goldman-Sachs-Cross-River-and-Waterfall-Asset-Management">
      Press release
    </a>
  </p>
  <p>
    <a href="https://www.finextra.com/pressarticle/92595/deserve-secures-250-million-credit-facility-from-goldman-sachs-cross-river-and-waterfall-asset-man?utm_medium=rssfinextra&utm_source=finextrafeed">
      Finextra
    </a>
  </p>
</div>


All Updates

Deserve receives USD 250 million credit facility

Deserve receives strategic investment from Visa

Deserve partners with Zero Hash to enable partners to offer crypto rewards

Deserve raises USD 50 million in Series D funding