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Fresha, a marketplace platform for beauty and wellness, has secured a $31 million venture debt facility from J.P. Morgan to accelerate its expansion and drive growth through machine learning and AI-powered robotics. The platform offers a subscription-free business software with embedded payment processing and a consumer marketplace, connecting beauty businesses with more customers. With over $185 million in venture capital funding and a network of over 110,000 merchants across 120 countries, Fresha has facilitated transactions worth over $35 billion in gross merchandise volume.
