NEW YORK – (BUSINESS WIRE) – Dec. 7 2021–
Liquidity Group Leveraged Its Machine Learning Due Diligence Platform To Commit $ 8 Million Growth Credit To Reach Mobile, A Provider Of Mobile Marketing Solutions That Empower Brands To Amplify Their Connection with mobile clients.
With this transaction, Liquidity Group is funding another fast growing direct-to-consumer business. The deal reflects Liquidity Group’s commitment to provide vertically agnostic scalable financing for companies looking to fuel their rapid expansion.
” Our strategy is to act quickly to provide the growth financing companies need to create value in their verticals, Said Ron Daniel, CEO and co-founder of Liquidity Group. ” Our machine learning platform has enabled us to deploy funding to support Reach’s continued growth plans to deliver solutions that meet the needs of brands, ad agencies, mobile operators and data-hungry mobile consumers. today. “
Based outside of Boston, Reach is comprised of mobile networking, internet and marketing experts who create mobile marketing solutions that empower brands to amplify connections with mobile customers. The company has teams across the globe, including at its development center in Bangalore.
âReach’s list of leading operators spans six continents and 1.3 billion users,â said Jake Levine, Senior Director of Investments at Liquidity Group. âOur tech-driven approach allows us to understand the nuances and complexities of growing data tech companies such as Reach, and we look forward to supporting other great tech companies in the future. “
âThe Liquidity Group team has provided funding that will allow us to continue our rapid growth and unlock new opportunities in mobile and network-based services,â said Harjot Saluja, CEO of Reach. âIn addition to providing a quick and easy process, this funding option gives Reach the flexibility to drive innovation and scalability across our portfolio of solutions and products.“
About Liquidity Group:
Founded in 2018, Liquidity Group is a global capital markets credit automation company and fund manager providing growth capital through funds focused on the United States, Asia, Europe and the Middle East. The subsidiary fund of Liquidity Group, Mars Growth Capital, based in Singapore, and its partner MUFG [MUFG:NYSE] co-manage the company’s activity in South East Asia. It combines real-time data with proprietary machine learning technology to deliver tailored financing that matches a business’s future growth. Liquidity Group operates three main divisions: Analysis, Capital and Market Syndication, which together provide global lenders with a full cycle of rapid and large-scale credit deployment. www.liquiditygroup.com
About Reach Mobile:
Reach Mobile’s best B2B solution, Digital Operator Cloud, provides a turnkey platform to launch mobile, fixed wireless and private network services in days. Offering powerful front-end UX, back-office functionality, and network integrations, the platform offers highly scalable modules for billing, policies, catalog management, data plan management, and layered security. Reach is integrated with over 45 mobile operators worldwide and supports 5 million daily active users and 40 million monthly active users.
Ranked # 1 in consumer-rated mobile services on TrustPilot, Reach Mobile is the leading provider of new-age wireless solutions for consumers and purpose-built businesses. Recognized for its social impact, customer satisfaction and Best Fit â¢ discount, Reach Mobile is a fully digital mobile service with a human touch. Reach believes that connectivity is a basic human right and helps bridge the digital divide by investing a portion of its income to activate mobile service for women and students in need.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20211207005888/en/
Jared Shapiro at The Tag Experience: [email protected]
KEYWORD: NEW YORK UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: VENTURE CAPITAL SOFTWARE FINANCE DATA MANAGEMENT PROFESSIONAL SERVICES MOBILE / WIRELESS TECHNOLOGY OTHER TECHNOLOGY
SOURCE: Liquidity group
Copyright Business Wire 2021.
PUB: 12/07/2021 11:43 AM / DISC: 12/07/2021 13:28
Copyright Business Wire 2021.