Koyo Loans’ $50 Million Debt And Equity Funding

Fox Williams advised Koyo Loans on the matter.

Koyo Loans secured a debt facility from Atalaya Capital as part of its $50 million debt and equity funding. Fox Williams had also advised the company on previous debt funding transactions.

Koyo Loans provides personal loans to customers using Open Banking data to make its lending decisions instead of relying on credit agency scores, allowing it  to lend to borrowers with thin credit files. The debt funding deal will allow the company to grow its consumer loan book and expand its operations.

The Fox Williams team was led by Head of FinTech, Jon Segal (Picture) and included FinTech and alternative finance Associate Bhavin Bhatt, corporate Partner Hannah Elliott and Cristiana Mitrofan.

Involved fees earner: Bhavin Bhatt – Fox Williams; Hannah Elliott – Fox Williams; Jonathan Segal – Fox Williams;

Law Firms: Fox Williams;

Clients: Koyo;

Author: Federica Tiefenthaler