TORONTO, April 20, 2022 — QuadFi, a mission driven global fintech firm headquartered in Canada, today announced that it has entered into an agreement for a new financing facility of up to US $100M (CAD $127M) with Crayhill Capital Management, a New York-based minority-owned private credit manager.

The facility will be used by QuadFi to provide personal loans to people with limited credit history, but with a strong current income and a bright financial outlook, including young people and immigrants.

Unlike traditional risk rating models which rely only on the historical behavior and income of customers, QuadFi’s novel and adaptive underwriting model is forward-looking and considers a customer’s future income and career trajectory. This innovative model is especially useful for customers with thin credit history but bright prospects, mainly newcomers, and younger demographic groups. 

Further, the company offers immigrants the benefit of utilizing their home country financial history even after having left. Dr. Manny Nikjoo, Co-Founder and CEO of QuadFi noted, “Canada welcomes 400,000 new immigrants every year – and they deserve access to fair and affordable financial products. Our model incorporates credit data from their home countries, alternative data and open banking to provide accurate underwriting and deliver financial inclusion today. This partnership allows us to take a big step toward achieving our long-term pursuit of fostering financial inclusion and helping our customers, who are young, ambitious and educated, achieve the financial access they deserve. Crayhill understands our objectives, and now we have the runway to accelerate our growth, which will have benefits for our customers, investors, and communities,” said Dr. Nikjoo. He added, “Our data-driven approach to lending was created to replace the outdated financial practices that currently lead to inequality of access to financial products for all groups.”

“We are incredibly excited to partner with QuadFi and support their mission-driven growth.  We believe that their cutting-edge technology and business model will enable them to deliver value to investors, clients and stakeholders across the economy,” said Sloan Sutta, Managing Director at Crayhill Capital Management.

About QuadFi

QuadFi provides underserved credit groups, including immigrants and young people, with access to fair and affordable financial products. The company leverages data science to challenge outdated, biased, inaccurate underwriting, combining alternative data from domestic and international sources with proprietary AI/ML modeling.

QuadFi identifies opportunities to address financial exclusion by focusing on the intersection of global migration, financial data, and personal data. Created by first-generation immigrants and proudly based in Toronto, Canada, QuadFi is building a borderless financial future.

For more information on Quad-Fi, please contact Mehdi Ghaffari at

About Crayhill Capital Management

Crayhill Capital Management LP is a New York-based, minority-owned alternative asset management firm that specializes in asset-based investment opportunities. The firm was launched in August 2015 and is registered with the U.S. SEC as an investment adviser. Crayhill strives to deliver capital solutions through tailored financing structures. Its asset-based investment strategies draw on deep sector expertise and relationships throughout the structured finance and specialty finance markets. For more information, please visit or email