Recently listed online lender, ZipMoney has received a major capital injection from U.S. asset manager, Victory Park Capital (VPC), involving a debt component valued at A$100 million as well as an equity investment.

VPC's debt investment has been made through its subscription for senior securitisation notes issued by the ZipMoney Trust 2015-1. This is ZipMoney's first securitisation and the securitisation notes are backed by a portfolio of line of credit receivables.

ZipMoney is a "buy now, pay later" lender and makes loans with interest-free periods which are used by borrowers to buy goods purchased from the company's retail partners.

Victory Park Capital specialises in investing in alternative lenders and has said it will continue to explore opportunities in the Australian FinTech space.  Australia's burgeoning FinTech sector is attracting strong interest from local and offshore investors.

Ashurst Finance partner Jennifer Schlosser led the team advising Victory Park Capital on its A$100 million debt investment and Ashurst Corporate partner Sarah Dulhunty advised on the equity component, with lawyer James Foo assiting.