NowLake invests $15M in Axis Auto Finance for 23% stake
Axis Auto Finance announced strategic investment / private placement with NowLake Technology on October 19, 2021.
- Primary
- Axis Auto Finance
- Counterparty
- NowLake Technology
- Amount
- $15M
- Structure
- strategic investment / private placement
- Date
- October 19, 2021
- Sub-sector
- Lending
NowLake gains 23% stake in Canadian auto lender; Axis funds digital loan origination expansion and signals fintech market credibility.
Source: autoremarketing.com