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InKind Raises $414 Million Led by Citi to Fund Restaurant Credit

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InKind announced $414 million in financing led by Citi, building on a $320 million round secured a month earlier and a prior $450 million debt-and-equity plan led by Magnetar. The platform provides restaurant capital without taking equity or charging interest, using discounted credit redeemed via its app. InKind will expand its footprint after funding 77,000 restaurants and plans to back 10,000 more.

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