Marijuana fintech raised $125 million for growth

Bespoke financial, a Los Angeles based financial technology company, said it had reached a $125 million credit arrangement with institutional investors to improve its lending capacity. "Institutional investors are chasing high returns and seeking to minimize volatility, especially through investments that are not disturbed by future covid related markets." Bespoke provides a technology platform and data-driven application process to help licensed marijuana operators quickly obtain financing. The company was founded in 2018 and operates in 12 markets such as California and Maine, with a credit line of up to US $15 million.

Source: mjbizdaily com