Gynger

We're thrilled to announce our $20MM Series A & $100MM debt facility! 🎉 Gynger is revolutionizing the way businesses buy & sell technology and accelerating the growth of so many incredible companies using our embedded financing platform. Today marks an exciting milestone for our team. It's an honor to have the support of some amazing partners committed to our vision PayPal Ventures, Community Investment Management, Gradient Ventures, Velvet Sea Ventures, Deciens Capital, & Black Angel Group! And we're just getting started... Read more about it in TechCrunch here 👇 https://lnkd.in/eNgmHTX2

The past ten days have been an absolute whirlwind! Celebrating our Series A together as a team in front of the iconic Nasdaq billboard was truly a milestone moment for us at Gynger. We are so grateful to all of our partners who have supported us on our journey so far and are excited for what's to come. Go team!

From the first time I met Mark Ghermezian I knew I wanted to work with him and the Gynger team. They are changing the way businesses monitor, manage, and pay for their software spending and I’m so happy to be part of their journey. #venture #startups #fintech

Fintech News 🚨 : PayPal Ventures Leads Gynger's $20 Million Series A Funding Round Gynger, the first embedded financing platform for technology purchases, also announced the close of up to $100 million debt facility to fuel its growth as it pioneers the rapidly expanding tech purchasing landscape. Gynger, the first embedded financing platform for technology purchases, announced today that it has raised $20 million in Series A funding, led by PayPal Ventures, with participation from Gradient Ventures, Velvet Sea Ventures, BAG Ventures and Deciens Capital. Gynger will use the funding to scale its team and operations and accelerate its vision of transforming its embedded financing platform into a full-scale payments solution for buying and selling of technology. In addition, Gynger secured a debt facility from CIM (Community Investment Management) with an agreement to fund up to $100MM. The new facility will enable Gynger to scale its financing of technology spend to meet increasing customer demand. "Over the last year, we have experienced tremendous growth and demand," Mark G., Gynger's CEO and Founder commented, "We are revolutionizing how companies buy and sell technology by providing a payments solution that addresses the needs of both vendors and their customers. We are building the future of flexible financing for all technology. We are thrilled to welcome PayPal Ventures as an investor to help push our growth to a whole new level." Technology is one of the top growing B2B categories, with over $900 billion in annual spend on SaaS alone. According to Forrester, global technology spend is estimated to grow to $4.7 trillion over the next year, fueled by the increase of generative AI. With technology spend expected to rise over the next decade, Gynger is already providing customers with a solution that makes it easier than ever before for businesses to finance their software and technology needs. Gynger's vision is to simplify and optimize the end-to-end technology purchasing process. The company is building a fully automated, seamless, embedded financing platform built for both buyers and sellers of technology, that will truly revolutionize the way technology transactions are made today. "Gynger is changing the way businesses buy software," said James Loftus, PayPal Ventures Managing Partner. "Companies from seed stage startups to enterprise can unlock flexible payment terms on any technology expense, regardless of the vendor's terms, making it possible to purchase tools needed for growth while also preserving cash. We couldn't be more thrilled to be supporting them on their journey." 👉 Subscribe for more news https://lnkd.in/d94JgWBU #fintech #bnpl #payments

Exciting news for Gynger. It’s hard to find differentiation in the Fintech industry today but a growing part of a startups precious equity is going towards software subscriptions and AI compute which can be finances more efficiently. Mark Ghermezian’s experience at Braze and MXV Capital provides a customer acquisition and product development edge. Upper90 is proud to have the been the first credit provider to Gynger, helping with flexibility and certainty of capital to scale to this point with strong underwriting performance. Thank you to Vine Ventures and Deciens Capital for partnering early and to the Series A lead PayPal Ventures.

Incredibly excited to announce that our portfolio company Gynger has raised a $20M Series A led by PayPal Ventures and a $100M credit facility from Community Investment Management. Daniel Kimerling, Vishal Rana and I have been partners with Mark Ghermezian since Gynger was founded, and this is a testament to his vision, the hard work and creativity of the entire team, and the breakout growth the business has seen. We're very excited to partner with James Loftus from PayPal Ventures and Jacob Haar / Ravi S. from CIM, as well as the other new and existing investors including Velvet Sea Ventures, Darian Shirazi from Gradient Ventures, Billy Libby from Upper90, and Eric Reiner from Vine Ventures, L.P. It has also been fantastic to work with the entire Gynger team including Jay Estefani C., Yonah Ghermezian, Adrienne Detrick, Amnon Mishor and Drew Olsen and look forward to many years of partnership to come. cc Deciens Capital

Excited to announce that our #portco Gynger has raised $20 million in Series A funding! The company is revolutionizing the world of tech purchasing with its automated financing platform for both buyers and sellers. Kudos to the whole team!   Hear more from Gynger CEO Mark G. in TechCrunch's exclusive coverage: https://lnkd.in/gArM6KTQ   #Startups #VC #Fintech