- Gulp Data, a leading provider of data-backed loans, has secured a $10 million credit facility with the option to expand up to $25 million. This funding will support the company’s efforts to expand its lending capacity and enable businesses to leverage their data as collateral for accessing capital.
- With a mission to bring data-backed lending into the mainstream, Gulp Data aims to establish data as a valuable and leverageable asset, allowing companies of all sizes worldwide to unlock the potential value within their datasets.
- Gulp Data has been at the forefront of pioneering the Data as an Asset™ class since late 2021, forging partnerships with a network of forward flow partners. The company plans to lend over $100 million within the next year.
- This credit facility provides Gulp Data the ability to offer non-dilutive funding directly from its own balance sheet, allowing for increased agility in evaluating borrowers and efficiently deploying capital to businesses embracing this innovative asset class.
Revolutionizing Lending with Data Assets
Gulp Data, founded in 2021 by a team of experienced technology founders and investors, is the leading provider of data-backed loans. Leveraging proprietary machine learning technology, the company conducts rapid data valuations and offers non-dilutive loans by utilizing copies of the borrowers’ data as collateral. Gulp Data aims to streamline the qualification process and ensures end-to-end data security, from onboarding to storage. The valuation of loans is based on the estimated total value of the client’s dataset.
Founding partner Lauren Cascio expressed enthusiasm about directly managing this capital and putting into practice the expertise they have developed working with Data as Collateral™. Cascio highlighted the limited options available to businesses in today’s contracted private credit and commercial lending landscape, making this credit facility timely and beneficial for borrowers embracing the new asset class.
Pioneering Data-Backed Lending
Since May 2022, Gulp Data has successfully completed over 800 data valuations, serving clients and partners ranging from Fortune 100 companies to renowned global consulting firms. With its ability to pre-approve loans within just 24 hours, Gulp Data operates globally and offers its services to businesses of all sizes, irrespective of their valuation or stage. The company prioritizes data security, adhering to industry-leading security technologies and procedures to protect information from unauthorized access, use, or disclosure.
Gulp Data’s dedication to solidifying data as a leverageable asset and assisting companies globally in unlocking the value within their datasets underscores their mission to bring data-backed lending to the mainstream.
About Gulp Data:
Established in 2021, Gulp Data is a provider of data-backed loans and data valuations. Powered by proprietary machine learning, the company conducts rapid data valuations to offer non-dilutive loans using copies of the borrowers’ data as collateral. With the capability to pre-approve loans within 24 hours, Gulp Data operates globally and serves businesses of all sizes, regardless of their valuation or stage. The company prioritizes data security by implementing industry-leading security technologies and procedures to safeguard information from unauthorized access, use, or disclosure. For more information, please visit www.gulpdata.com.