Grow Credit Scores $106M In Equity, Debt For Consumer Credit

Santa Monica-based fintech startup Grow Credit, which helps consumers build their credit score through payments for subscription services, said on Tuesday that it raised $106M in a combination of equity and debt. The funding included $6.3M in equity, and $100M in debt. According to the company, the equity portion of the funding included Mucker Capital and Commerce Ventures, plus angels Jason Gardner (Marqueta), Jason Robins (DraftKings), Baron Davis (NBA star), Will Kassoy (Omaze), Matt Higgins (Miami Dolphins/RSe Ventures/VaynerMedia), along with Blue Ridge Bankshares, BillGO, Carl Tremblay (Plaid), and Yahya and Haroon Mokhtarzada (Trubill). The company said the debt portion of the funding came from Arena Investors, LP.