Overview of Transaction

• On October 26, 2021, Mission Lane announced it has raised $150 million in redeemable preferred funding led by Oaktree Capital Management with participation from Invus Opportunities, QED Investors, and LL Funds
• Oaktree Capital Management is a leading global investment manager specializing in alternative investments, with $156 billion in assets under management as of June 30, 2021
• Mission Lane is a digital platform for personal finance that provides a comprehensive suite of products for underserved non-prime consumers
• Mission Lane has built a credit-first banking platform for the half of America left behind by traditional banks
• The Company leverages advanced technology, data analytics, and machine learning to provide an exceptional customer experience to people who are working hard to build or rebuild their credit, and currently has over 1 million customers
• Mission Lane spun out of LendUp in December 2018

Significance of Transaction

• The capital infusion enables Mission Lane to continue developing new digital banking and lending products to help serve more customers
• Mission Lane continues to expand its team and invest in core product growth

FT Partners' Role

• FT Partners served as financial and strategic advisor to Mission Lane
• This transaction highlights FT Partners’ deep domain expertise with Consumer FinTech, as well as its successful track record generating highly favorable outcomes for high-growth FinTech companies