GAIN is a financial services and technology company focused on serving underbanked consumers. The Company uses proprietary software and analytics, along with a deep understanding of data, to provide a range of online financial services products to consumers who do not have adequate access to credit and banking services. The Company’s primary business is conducted through Lending Stream LLC, a wholly owned subsidiary. Lending Stream is a leading provider of small-balance, unsecured loans in the UK. Its loans are offered for 4–6 month durations and provide the consumer with a differentiated product that offers greater flexibility than a traditional payday loan.
The Company had raised significant equity capital to build their business, and was seeking debt capital to refinance an existing facility and provide incremental liquidity to fund the continued growth of their loan portfolio.
Crystal underwrote a $30.0MM Senior Term Loan which will provide the Company with significant capital for continued growth in their existing lending platform.
“We are extremely pleased with the long term partnership we have had with Crystal. Chris Arnold and the team have a very in-depth knowledge of the specialty finance industry and their thoughtful approach has made them a trusted and critical resource in facilitating our growth.” –Brian Markworth, Chief Financial Officer