Facility supports StatPro Revolution
The Technology Finance team at Wells Fargo Capital Finance provided a £20 million financing commitment to help StatPro grow its new cloud-based service, StatPro Revolution, and provide ongoing working capital for its operational needs.
Headquartered in London, StatPro has delivered leading portfolio analytics and data management solutions to the investment industry since 1994. Its multi-award-winning software products are used by hundreds of clients across the globe.
Wells Fargo Capital Finance’s Technology Finance team utilised its extensive industry knowledge and years of experience working with leading software and technology companies to deliver a flexible financing solution. The facility, which comprises a £10 million committed revolving credit facility and a £10 million uncommitted additional facility, will enable StatPro to invest in its core objectives over the short and long-term.