Zvilo, a working capital lender committed to bridging the trade finance gap, announced the expansion of its debt facility with capital partner Fasanara Capital, a London-based investment management company.
The facility has been increased to up to €75 million, “building on an initial commitment from Fasanara in October 2022.”
This milestone reflects the deepening of the relationship between the two firms, with Zvilo having “drawn on the initial commitment to scale its regional presence and support clients across over 39 markets.”
The additional headroom within the facility “will enable Zvilo to meet growing demand and accelerate its expansion.”
According to Zvilo, the full €75 million facility “positions Zvilo to expand its portfolio, enhance regional hubs, and support a base of MSME clients withtrade finance solutions.”
Peter Maila, CEO at Zvilo Africa, added:
“With support from Fasanara, Zvilo has funded businesses across 39 markets. This facility expansion allows us to build further, driving economic impact through access to capital.”
Francesco Filia, CEO at Fasanara Capital, commented:
“We back fintech platforms that are reshaping the SME lending landscape. Zvilo’s use of technology, underwriting, and expertise align with our vision for credit.”
The increased facility marks a milestone for Zvilo as it “scales its presence and impact across emerging markets, empowering thousands of MSMEs with access to capital.”
As mentioned in the announcement, Fasanara Capital is an alternative asset management company authorised and regulated “by the Financial Conduct Authority.”
Co-founded by Francesco Filia in 2011, Fasanara is “based in London with alliance offices in Milan.”
With a focus on fintech private credit, Fasanara provides “institutional investors access to high-conviction, capacity-constrained asset-based credit strategies that back credit platforms.”
Fasanara’s unorthodox portfolio construction and unconventional investment strategy is “a response to today’s transformational markets.”
Zvilo is trade finance lead working capital provider “with focus in EU, Turkey, and Middle East.”
Zvilo was established to offer working capital to “underserved MSMEs and corporates in emerging markets aiding in local, regional, and global expansion.”
Zvilo aims to meet borrower needs, “deliver investor returns, and reduce the global trade finance gap through its solutions.”