FinTech news in apollo category

The credit-oriented fintech platform Liquidity Group, which funds later-stage technology companies, has announced a new raise of $775 million from private equity house Apollo and MUFG Bank. The commitments include $425 million from Apollo Funds for a credit facility to help Liquidity scale its lending activity for late-stage technology companies. Founded in 2018, Liquidity employs machine learning and real-time data to automate the full credit investment lifecycle, committing more than $1 billion in capital. It also includes $300 million from MUFG Bank (NYSE: MUFG), for a debt fund joint venture named Mars Growth Capital.