Alleviate Financial Solutions has secured a $150 million growth investment from Sound Point Capital Management. This funding will speed up its goal to change consumer finance through the “Debt-to-Wealth” category. It will aid Alleviate’s expansion, product innovation, and AI-driven operations. The investment will allow the company to merge lending, financial education, and long-term wealth-building tools into its platform. “With this investment, Alleviate is not only scaling we’re defining a new industry,” said Michael Barsoum, CEO of Alleviate. “We are building one of the largest consumer financial companies in the country, but more importantly, we are pioneering the debt-to-wealth journey.”
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The partnership shows Sound Point Capital’s commitment to innovative consumer finance. Philip Bartow, Managing Director at Sound Point, said, “We are excited to partner with Alleviate. They make a real impact for consumers and promote long-term financial health.” With this milestone, Alleviate aims to help millions move beyond debt relief. Their tech-enabled platform focuses on achieving sustainable financial resilience.
