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Columbia Pacific Business Finance provides USD17m loan to Simply

Columbia Pacific Business Finance (CPBF), an evergreen fund providing direct financing to emerging growth and middle market companies, has delivered a USD17 million term loan to Simpay, an independent sales organisation specialising in merchant service solutions headquartered near Philadelphia.

The funds provided by CPBF will be used to refinance existing debt and fund expansion of Simpay’s sales and service initiatives.
“Simpay has a rich history of innovation and service that has produced a durable and diversified business,” says Trent Stedman, managing director of CPBF. “We are pleased to partner with the Simpay team as they accelerate the company’s strategic plan through sales and product initiatives.”
“We are thrilled to have a reliable lending partner in Columbia Pacific Business Finance as we continue our EOS journey. Columbia Pacific Business Finance brings meaningful experience investing in both payment processing and software-as-a-service platforms and understands our plan for growing the Simpay brand,” says Lazaros Kalemis, CEO of Simpay.

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