Setscale secures up to $70 million debt financing

By Marisa Wong

Los Angeles, May 4 – Setscale announced it secured up to $70 million of debt financing, according to a press release.

The company said the debt facility enables it to deploy capital to its partners to finance product purchases from credit worthy end buyers.

The company also announced it raised a $9.5 million seed funding round, which included participation from Fin Capital, Greak Oaks, Mantis, WndrCo, Ethos and Jaws.

Setscale will use the funding to expand its current tech offerings, continue building out its team and double down on marketing efforts.

The fintech startup is based in New York.

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