Curated News
By: NewsRamp Editorial Staff
September 09, 2024
Flash Secures $85 Million in Debt Financing to Back Special Purpose Vehicle
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- Flash secures $85 million in debt financing to accelerate platform adoption and offer flexible payment options, gaining a competitive edge in the parking technology industry.
- Flash closed on $85 million in debt financing to extend flexible payment options through a special purpose vehicle, offered by Vantage Infrastructure.
- Flash's expanded range of flexible payment options aims to transform traditional infrastructure, save time and costs for drivers, and build out the EV charging network for a better transport-related future.
- Flash's innovative SPV financing and partnership with Vantage Infrastructure will upgrade traditional infrastructure, saving time and costs for drivers and building out the EV charging network.
Impact - Why it Matters
This news matters as it showcases Flash's commitment to innovation and customer-focused solutions in the parking technology industry. The financing will allow Flash to provide clients with more flexible payment options and continue their pursuit of transforming the parking industry.
Summary
Flash, the industry-leading end-to-end parking technology platform, has closed an $85 million debt financing deal to accelerate platform adoption and offer clients a wider range of flexible payment options. The debt capital, provided by Vantage Infrastructure, will allow customers to join the Flash platform on terms that work best for them, with the potential to increase the funding to $100 million. This financing will enable Flash to continue meeting and exceeding their clients’ need for better transport related infrastructure.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Flash Secures $85 Million in Debt Financing to Back Special Purpose Vehicle
