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Fintech
Viola Credit Launches $2 Billion Fund for Fintech Debt Financing
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Heartspace News Desk
•Source: Bloomberg.com
Photo by Jakub Żerdzicki on Unsplash
TL;DR
Viola Credit has established a $2 billion fund to supply debt financing to roughly 40 fintech startups, offering asset-based loans to companies with capital-intensive lending operations. The fund will target sectors like small business lending, consumer lending, and buy-now-pay-later services, supporting fintechs that need significant capital to grow their lending portfolios.
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Key takeaways
- com reports that Viola Credit has launched a $2 billion fund dedicated to providing debt financing for financial technology startups
- The fund will offer asset-based loans to as many as 40 companies, focusing on those with capital-intensive lending models
- Target sectors include small business lending, consumer lending, and buy-now-pay-later services
Bloomberg.com reports that Viola Credit has launched a $2 billion fund dedicated to providing debt financing for financial technology startups. The fund will offer asset-based loans to as many as 40 companies, focusing on those with capital-intensive lending models. Target sectors include small business lending, consumer lending, and buy-now-pay-later services. Ido Vigdor, a managing partner at Viola Credit, stated that the initiative intends to support fintechs that require significant capital to expand their lending businesses.
Related Topics
FintechViola CreditDebt FinancingVenture CapitalAsset-Based LendingStartups
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