# Marlette Funding

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/marlette-funding

- Industry: Financial Services
- Headquarters: Wilmington, US
- Website: www.marlettefunding.com
- Total disclosed funding: $225M
- Latest round: Series E (Mar 10, 2022)
- Investors on record: 2

## About

Marlette Funding LLC is a financial services firm specializing in personal loans, offering innovative lending solutions to help individuals meet their financial needs efficiently and conveniently.Founded in 2013 and headquartered in Wilmington, US, Marlette Funding LLC focuses on providing personal loans through its brand, Best Egg. The firm has successfully completed 7 deals, with its most recent transaction occurring on March 10, 2022. In this Series E funding round, the company raised USD 225.00 mn, led by Healthcare of Ontario Pension Plan with contributions from Davidson Kempner Capital Management. The CEO, Jeffrey Meiler, has a history in the financial sector, further strengthening the company’s leadership.Marlette Funding LLC offers a variety of personal loan products primarily through Best Egg. These include unsecured personal loans, vehicle equity loans, and secured loans featuring discounts for homeowners. Their services are designed for diverse clients seeking funds for home improvements, debt consolidation, and major purchases, providing a quick and user-friendly application process. Customers in various U.S. states can access these services, with some restrictions in Iowa, Vermont, West Virginia, the District of Columbia, and U.S. Territories. Loan disbursements typically occur within 1-3 business days after approval.Marlette Funding LLC generates revenue through interest rates and origination fees linked to its loan offerings. The business model operates directly with consumers, facilitating access to funds without intermediaries. Loan amounts generally range from USD 2,000 to USD 50,000, with annual percentage rates (APRs) for unsecured personal loans between 6.99% and 35.99%, and vehicle equity loans between 10.99% and 29.99%. Origination fees deducted from loan proceeds can vary from 0.99% to 9.99%, contributing to the overall revenue structure.In March 2022, Marlette Funding LLC raised USD 225.00 mn in Series E funding to bolster its innovation and growth initiatives. The company plans to enhance its product offerings and expand its market reach, aiming to introduce new loan products that cater to evolving customer needs. The funding will be pivotal in supporting these strategic goals and facilitating entry into new geographic markets, although specific regions for expansion have not yet been disclosed.

## Funding rounds

- Series E, Mar 10, 2022, $225M — Healthcare of Ontario Pension Plan, Davidson Kempner Capital Management

## Investors

- Healthcare of Ontario Pension Plan — Series E
- Davidson Kempner Capital Management (https://capitalatlas.ai/funds/davidson-kempner-capital-management) — Series E