Imprint lands $2B in debt as institutional demand for its card receivables jumps

What's the deal? Imprint, a New York co-brand credit card and loyalty platform, has secured $2 billion in new debt funding since April 2026. The total spans $1.5 billion of incremental warehouse capacity and a $500 million AAA-rated asset-backed securitization, drawing in Bank of Nova Scotia, Royal Bank of CanadaDealroom has a profile for this one. Try Dealroom →, TD Bank GroupDealroom has a profile for this one. Try Dealroom →, CitiDealroom has a profile for this one. Try Dealroom →, MizuhoDealroom has a profile for this one. Try Dealroom →, TruistDealroom has a profile for this one. Try Dealroom →, and HSBCDealroom has a profile for this one. Try Dealroom →.

What's the endgame? Imprint builds co-branded cards and loyalty programs for brands including Booking.com, H-E-BDealroom has a profile for this one. Try Dealroom →, and ShellDealroom has a profile for this one. Try Dealroom →. The fresh capacity funds the credit card receivables that back those programs as they scale, while cutting its cost of fund margin by 23%.

The details: In April, Imprint closed a $1 billion warehouse facility with Bank of Nova Scotia, Royal Bank of Canada, and TD Bank Group. It also doubled an existing facility from $500 million to $1 billion, adding Citi alongside Mizuho, Truist, and HSBC.

The August securitization, PRNT 2026-A, was upsized from $300 million to $500 million. It drew $2.35 billion in investor orders — 4.7x coverage, versus 1.7x for Imprint's debut ABS in October 2025.

Why it matters: "In under a year, we've significantly grown our funding capacity, doubled our lending partners, and lowered our borrowing costs," said Colin Groshong, chief financial officer of Imprint. Deeper demand and better pricing signal that securitization is now a recurring part of Imprint's funding strategy.

The signal: At $2 billion, this ranks among the largest debt rounds ever raised by a US fintech, sitting in the top 1% of comparable deals. As institutional investors line up for debt backed by card receivables, well-performing fintech lenders are finding cheaper, more diversified capital — a sharp contrast to the funding squeeze that hit the sector in recent years.

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