Zvilo boosts working capital lending capacity to €75m with Fasanara Capital
The facility's capacity has been raised to up to €75m ($88m) from the €50m initially pledged by Fasanara in 2022.
Zvilo chairman Admir Imami said: 'Fasanara has been an avid and early supporter of Zvilo. This expanded facility is a strong endorsement of our performance and vision to close the $2.5tn global trade finance gap.
'As we strengthen our presence in emerging markets, we are excited to continue scaling alongside a partner that shares our mission.'
Zvilo has already tapped into the initial capital to enhance its presence and deliver services to clients in over 39 different markets.
Zvilo expects the new facility to catalyse its growth strategies, especially in regions such as Africa, Turkey, and the Middle East.
The company plans to utilise the funding to grow its portfolio, improve its operational hubs, and provide analytics-based trade finance solutions to an expanded client base of MSMEs [micro, small and medium enterprises].
Fasanara Capital CEO Francesco Filia stated: 'We back fintech platforms that are reshaping the SME lending landscape. Zvilo's use of technology, disciplined underwriting, and regional expertise align well with our vision for next-generation credit. We are proud to continue supporting their growth and impact.'
Co-founded by Francesco Filia in 2011, Fasanara Capital operates independently and is regulated by the UK's Financial Conduct Authority.
Headquartered in London and with additional offices in Milan, the company specialises in private credit within the fintech sector.
"Zvilo boosts working capital lending capacity to €75m with Fasanara Capital" was originally created and published by Leasing Life, a GlobalData owned brand.
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