The funds will be utilized to fund invoice receivables, working capital, short-term SME loans, and other specialty financing credit products.
Fasanara Capital, which was founded in 2011, invests in fintech lenders and has recently created a $350 million venture capital fund focused on global fintech and Web3 firms.
The firm presently has over $4 billion in assets under management (AUM) and is planning an expansion into the United States.
It currently has equity investments in 29 start-ups, including Indian consumer lender Stashfin, Italian Buy Now Pay Later unicorn Scalapay, German tech rental platform Grover, and car rental business FlexCar.
Fasanara also refers to itself as a “material liquidity provider” in the cryptocurrency market.
This money will benefit our portfolio firms by assuring them that they will have access to a variety of financial solutions should they require them,” said Francesco Filia, CEO of Fasanara Capital.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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