AMP secures institutional funding from Route 66 Ventures

Source: Advanced Merchant Payments

Advanced Merchant Payments Limited (AMP), a leading provider of advanced technology for small business lending, announced today that it has secured institutional funding from Route 66 Ventures LLC.

This round is a follow on of the investment from SBT Venture Capital announced in November 2014 as the company continues to attract investor interest globally. AMP plans to use this latest institutional funding to accelerate the development of the company’s new technology platform that offers advanced lending capabilities for banks and business service providers across Hong Kong, Singapore, the Philippines, the United Kingdom, and other markets of interest.

“We are delighted that Route 66 Ventures has chosen to invest in AMP. This represents a strong validation of our business vision of empowering banks and business service providers to use our alternative lending technologies for the benefit of their small business customers in a manner that is equitable, clear and fully transparent to the borrowers. We look forward to partnering with Route 66 in AMP’s growth journey as we take alternative lending to the next level by providing a better financing option to small businesses in filling their cash flow gaps and benefiting the wider business community,” said Thomas J. DeLuca, CEO of Advanced Merchant Payments.

“As an international investment firm focused on the financial services industry, we are continuously looking for disruptive platforms and amazing teams that are revolutionising the way businesses and people consume financial services. We are excited to say that we have found a truly special case in Advanced Merchant Payments. We are a proud investor in Advanced Merchant Payments and look forward to helping them on their journey to revolutionise the SME lending landscape around the globe,” said Pascal Bouvier, General Partner at Route 66 Ventures.

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