Runway Growth Capital Announces Senior Secured Term Loan to Vesta

Runway’s Non-Dilutive Financing Provides Vesta with Additional Growth Capital to Support the Company’s Continued Success and Global Expansion

 Runway Growth Capital LLC (“Runway”), a leading provider of growth l**** to both venture and non-venture-backed companies seeking an alternative to raising equity, announced the closing of a senior secured term loan of $25 million to Vesta, a leading global transaction guarantee platform for online purchases. The non-dilutive financing will provide Vesta with additional working capital to support growth.

Vesta’s instant transaction guarantee platform, backed by years of transactional data history, uses machine learning to enable unparalleled approval rates and a better customer experience for online purchases, all while reducing retailers’ exposure to fraud-related costs. Around the world, leading telco, e-commerce, travel, and financial services companies trust Vesta’s platform to enhance approvals for legitimate sales and eliminate chargebacks and other forms of digital fraud.

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“We are excited to provide additional capital to enhance Vesta’s growth and support the development of a thoughtful and strategic product roadmap,” said Brad Pritchard, Managing Director at Runway. “When it comes to operations, Vesta has built a high-quality client base in a range of key verticals such as telco, e-commerce, travel and financial services.”

“Runway is the perfect growth partner; they understand our needs, the changing commerce market, and the long-term trajectory of our business,” explained Ron Hynes, Chief Executive Officer of Vesta. “Runway stood out due to the close relationships we’ve formed with their team and because we have found the firm to be a diligent, steady partner who will help us grow aggressively with minimal dilution and thoughtfully structured terms.”

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Forward-Looking Statements
Statements included herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition, or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Runway Growth’s filings with the Securities and Exchange Commission. Runway Growth undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

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