European SME Financing: Silvr Signs Securitized Facility of Up to €200M with Citi, Channel

Founded in 2020, Silvr‘s mission is to make financing more accessible to SMEs.

Silvr claims that it has rapidly become a European leader in short-term lending due “to its technology and innovative data processing tools.”

This new securitized facility will “increase Silvr’s financing capacity., which is instrumental in its gradual expansion into Europe, with the opening of an office in Berlin in November 2022.”

This financing from Citi and Channel Capital will “enable the company to continue investing in the development of its technology and meet the needs of SMEs.”

This transaction comes “just one year after Silvr raised its first debt facility for €112m.”

Underlining its dynamic development and its status as a European Market leader, Silvr has just closed “a securitized financing transaction with Citi, a global bank, and Channel, an Alternative Investment Funds Manager (AIFM), “for the provision of a new credit facility of up to €200 million, backed by the loans Silvr originates to SMEs .”

The initial facility will be of EUR 67mn, with increases subject to lenders’ consent.

Benjamin Soussan, Chief Capital Officer de Silvr, said:

“We are delighted to conclude this transaction with Citi and Channel Capital, two leading institutional players that will enable us to continue to deploy greater financing to European SMEs on a long-term basis.”

Nima Karimi, co-fondateur et CEO de Silvr, said:

“Demand for loans has increased significantly across Europe, and we are delighted to be able to meet this through this new financing provided by Citi and Channel Capital. By proving more flexible options, tailored to their needs, Silvr is uniquely positioned to make it easier for European SMEs to access the funding they need to grow.”

Paul Wilson, Chief Investment Officer chez Channel Capital Advisors LLP, said:

“Given the current economic uncertainty, it is increasingly clear there is a significant need to support the liquidity needs of the alternative lending community. This is where Silvr, an innovative FinTech company, plays a key role, with alternative lenders stepping in to fill the funding gap. We are delighted Channel was able to facilitate this transaction, as it plays an integral part of their growth and expansion plans.”

A pioneer of advanced data-driven scoring technology, Silvr reportedly “offers businesses a new way to finance their growth.”

Since 2020, Silvr has “deployed more than €150 million to support several hundred businesses. Entrepreneurs can now apply for funding online, in just a few minutes and without diluting their capital.”

They can finance marketing spend, recruitment, inventory and more, “without dipping into their cash flow.”

Thanks to its technology and expertise, Silvr helps entrepreneurs “develop their financial strategy: 2 out of 3 businesses are financed twice or more.”

Silvr is backed “by European investors, has offices in Paris and Berlin, and employs over 60 experts worldwide.”

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