Finance
Imprint Closes $300 Million Credit Facility With Citibank
- Co-brand credit-card platform works primarily with US firms
- New partners include Brooks Brothers and Eddie Bauer
The startup sells its co-brand card platform primarily to large, US-based brands that want to offer personalized rewards programs for their customers.
Photographer: Brent Lewin/BloombergThis article is for subscribers only.
The co-brand credit-card startup Imprint Payments Inc. has closed a $300 million credit facility with Citibank as it seeks to accommodate new clients including Turkish Airlines, Brooks Brothers and Eddie Bauer.
Credit facilities help upstarts like New York-based Imprint to grow by providing a way to finance loans without using money from their own balance sheets. These agreements often come with covenants requiring certain liquidity and lending conditions be met by the borrower.