West Creek In the Press

The Deloitte Technology Fast 500 has been one of the most objective rankings for technology, media, telecommunications, life sciences, and energy tech companies for 25 years. Combining technological innovation, entrepreneurship, and rapid growth, Fast 500 companies—large, small, public, and private—hail from cities far and wide across North America and are disrupting the technology industry. It was created to recognize the effort and dedication of the fastest-growing technology companies. Winners are selected based on percentage fiscal-year revenue growth over a three-year period. The ranking is compiled from applications submitted directly to the Technology Fast 500 website and public company database research conducted by Deloitte LLP.

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U.S.-based fintech West Creek secured a $150 million credit facility from Pollen Street Capital, bringing the company’s total credit facility capacity to $250 million. Founded in 2014, West Creek claims it focuses on using big data and technology to optimize underwriting, enable industry-leading approval rates.

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West Creek, a point-of-sale financing platform, plans to issue its first securitization next year as part of a move by the company to diversify its funding base, according to CFO Rajesh Rao. The firm, which funds its point-of-sale (POS) product through warehouse lines, also plans to begin selling whole loan portfolios with targeted investor yields potentially in the high single digits.

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West Creek, a Virginia-based FinTech firm has raised $150 million from Pollen Street Capital, bringing the company’s total raised capital to $250 million. The company claims a revenue growth of over 4,400% since 2015 and expects to surpass $200 million by the end of 2019. West Creek plans to expand its point-of-sale (PoS) financing offering with the new funds, according to a statement.

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West Creek, a fast-growing fintech company that provides innovative point-of-sale financing, announced it secured a $150 million credit facility from Pollen Street Capital, bringing West Creek’s total credit facility capacity to $250 million. This expanded capacity enables West Creek to maintain its rapid growth.

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A wave of newcomers came crashing onto this year’s RVA 25 list of the most rapidly growing local companies. Last week, BizSense published its seventh annual list of the 25 fastest-growing, privately held firms in the Richmond region. The rankings are based on average annual growth over three years, with local accounting firm Keiter reviewing the books.

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If you’re looking for further evidence of the business success story being written in Henrico, Virginia, look no further than the 2019 Inc. 5000. Business-friendly Henrico is home to 22 businesses found on this important annual ranking of the fastest-growing privately held businesses in the U.S. West Creek Financial, headquartered in Glen Allen, placed highest among Henrico businesses at 65 on the list, boasting growth of 4,405% over the past three years.

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The Inc. 5000 list is out, and 42 Richmond ventures ranked among the fastest-growing private companies in the country. Most of these firms are older, well-established construction, consulting and marketing firms, but plenty of local startups are blossoming at a fast pace and joined the 2019 list. Some have been making waves for a few years now, like CarLotz at No. 435 and WealthForge at No. 1,156. Other standouts were Gather Workspaces, whose 613 percent revenue growth gave it the No. 715 spot; and West Creek Financial with the No. 65 ranking.

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West Creek provides point of sale financing options powered by machine learning and big data. Equips retailers across the nation with a multi-channel application that fits seamlessly into their workflow, and gives their customers more financial flexibility.

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Continuing what’s become an annual tradition, local startup West Creek Financial has capped off yet another big capital raise. The Henrico-based company, which provides lease-to-own consumer financing for furniture, mattresses, appliances, tires and HVAC purchases, announced last week the completion of a $7 million haul of convertible debt led by Summit Action Fund, a venture capital firm in Goochland that’s making its first investment in a local company.

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West Creek Financial Inc., a Henrico County-based point-of-sale financing firm, said Monday that it has raised $7 million as it plans to increase its sales force by 70 people this year. Venture capital firm Summit Action LLC led the investment, which consists of convertible debt that could be turned into an equity stake in the company.

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West Creek Financial Inc., a Henrico County-based firm that provides consumer financing services for retailers, has added a second office and is expecting to create about 100 jobs over the next year as the firm expands into new markets. The company said Monday that it has leased a 6,000-square-foot office space at 4805 Lake Brook Drive in the Innsbrook Corporate Center, which will serve as a satellite location to the firm’s headquarters office, less than a block away.

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A Henrico-based financial firm has completed its second multimillion-dollar capital raise in a year, with plans to use this latest haul to continue its national expansion. West Creek Financial, a 3-year-old company that provides lease-to-own financing for furniture, mattress and appliance retailers, capped off its $10 million equity raise, CEO Boomer Muth said last week.

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West Creek Financial Inc., a Henrico County-based company that provides lease-to-own financing for furniture and appliances, said Tuesday that it has raised $10 million in equity to support further business development. The capital raise is the company’s second since it was founded in 2014. In 2016, West Creek Financial received a $25 million senior secured credit facility from Victory Park Capital, and an additional $3 million in equity investments led by VPC, with other contributions from angel investors.

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A Henrico-based consumer finance firm is headed for its second successful multimillion-dollar capital raise in less than a year. West Creek Financial, a 3-year-old company that provides lease-to-own financing for furniture, mattress and appliance retailers, is nearing the completion of a $10 million equity fundraising round, according to SEC documents.

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At its office in the Innsbrook Corporate Center in Henrico County, West Creek Financial is using cutting-edge tools of computing and old fashioned customer service to build a national business. The company, founded in 2014, provides point-of-sale, lease-to-own financing for consumers to buy home appliances, furniture and mattresses.

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