WILMINGTON, Del., March 10, 2022 /PRNewswire/ — Best Egg, the machine learning powered, online credit and financial wellness platform that is owned and operated by Marlette Holdings, Inc, announced today that it has secured $225 million in committed preferred equity capital. The Series E capital round was led by the Healthcare of Ontario Pension Plan (HOOPP), which manages over $80 billion in assets, with participation from investment funds advised by Davidson Kempner Capital Management LP, as well as a large international bank.
“We are excited to welcome these top tier investors to Marlette,” said Jeffrey Meiler, founder and CEO. “This capital round not only reflects the success and industry leading profitability of our personal loan business, but also the huge potential in our recently launched Best Egg Visa® Credit Card product and Best Egg Financial Health, our financial wellness tool.”
Best Egg had a record-breaking year in 2021, with $300 million in revenue and $4.6 billion of personal loans facilitated. In 2021, Best Egg also launched two new products including the Best…
