MeridianLink, Inc. announced that it has received $435 million in funding from Thoma Bravo, L.P.
November 09, 2021
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MeridianLink, Inc. announced that it has received $435,000,000 in a round of funding on November 10, 2021. The transaction included participation from Thoma Bravo, L.P and other investors. The term loan will mature on November 10, 2028. The term loan will bear interest at a variable rate equal to LIBOR plus an initial margin of 3.00%.
MeridianLink, Inc. is a provider of software platforms for financial institutions and consumer reporting agencies. The Companyâs cloud-based digital lending, account opening, background screening, and data verification solutions leverage shared intelligence from a unified data platform, MeridianLink One, to enable customers of all sizes to identify growth opportunities, scale up, and support compliance efforts. Its lending software solutions provide a fully digital workflow for its customers, extending from their clientâs initial account opening applications to its customerâs final extension of credit and, where necessary, collections activity. It enables its customers to offer an array of products and services to new and existing clients. Its solutions address various categories of consumer lending, including mortgage, credit card, personal, auto, home equity, and others. It serves financial institutions, including banks, mortgage lenders, specialty lending providers, and others.