Thursday, June 16, 2016

Payoff Picks Up $46.7M More

Costa Mesa-based Payoff, a consumer finance startup which helps people consolidate and pay off credit card debt, has raised $46.7M more in a financing, according to a regulatory filing by the company. The filing indicates the funding is part of an ongoing $64.7M funding. It's unclear if the equity funding is part of an earlier, announced $250M multi-stage committment from alternative asset manager Marshall Wace, or a separate funding transaction. Payoff has previously raised funding from Mohamed El-Erian(PIMCO), Joe Saunders (Visa), and Tencent, among others.

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