The round was led by PayPal Ventures, with participation from Gradient Ventures, Velvet Sea Ventures, BAG Ventures and Deciens Capital.

In addition, Gynger secured a debt facility from CIM (Community Investment Management) with an agreement to fund up to $100MM. The new facility will enable Gynger to scale its financing of technology spend to meet increasing customer demand.

Gynger is the first embedded financing platform built for buyers & sellers of technology. Their mission is to combine software with capital to enable businesses to scale with the technology they need and love. The platform enables businesses to pay, finance, and manage all of their technology expenses from one dashboard. For tech vendors, Gynger provide an opportunity to extend flexible payment options to their customers while still getting paid upfront.