Missed One Monday: VPC Balance Sheet Investment in Cognical

In mid-December Victory Park Capital provided a $100 million credit facility and $3 million preferred equity investment for Cognical, Inc.; Cognical, Inc. is a payment platform for in-store and online lease-to-own purchases; the firm’s technology approves purchasers for payment plans; the investment will help Cognical expand its offerings for merchants serving underbanked consumers seeking affordable payment options for consumer goods including furniture, appliances and electronics.  Source