Ampla, a provider of financial solutions for consumer brands, has closed a new $275m credit facility with Citi and funds managed by Waterfall Asset Management.

The latest credit facility brings the total capital raised by Ampla to more than $600m from investors, including Atalaya Capital and Goldman Sachs.

Ampla said the newly secured funds will play a pivotal role in propelling its expansion initiatives, enabling the company to further boost its comprehensive suite of products tailored for consumer brands.

Ampla’s diverse product lines are designed to address the distinct needs of businesses, furnishing them with the flexibility required to navigate the dynamic challenges of the present market landscape.

Ampla CEO Anthony Santomo said: “This additional capital marks a significant milestone for Ampla as we continue our mission to empower consumer brands, and comes at a time when we are aggressively expanding our product offerings to include a broader base of cards and software products.”

Justin Myers from Waterfall Asset Management said “Ampla’s commitment to innovation and its track record effectively serving consumer brands is commendable. We are pleased to support Ampla’s expansion plans and look forward to a successful partnership.”

The closing of the facility builds upon Ampla’s collaborations with Goldman Sachs and Atalaya Capital Management, underscoring the company’s adeptness in securing premier financial support.

The sustained expansion of Ampla stands as a testament to its resilience and steadfast dedication to delivering substantial value to consumer brands.