Lithuania-based SME Finance receives €100m credit facility


Lithuania-based SME Finance, a lender to small businesses, has reportedly secured €100m in a credit facility from Fasanara Capital.

This fresh equity will enable SME Finance to create an EU-wide FinTech marketplace for traditional business loans, as well as new models of lending, such as revenue-based financing and embedded finance, according to a report from AltFi.

SME Finance is a business lender that offers tailored financing solutions that take into account the specific features of the client’s activities. To offer a loan, SME Finance just needs a few documents, such as financial reports and data from the buyers.

Since it was founded in 2016, SME Finance has deployed more than €1.3bn in loans and invoice financing. It currently operates across Lithuania, Latvia, Estonia and Finland.

SME Finance CEO Mindaugas Mikalajūnas told AltFi, “SMEs are a highly attractive credit market for major asset managers, like Fasanara, and we are excited to deepen our partnership.

“Our mission is to be the number one banking and finance partner for SMEs in Europe, and this extension of our credit facility will help us greatly in making finance accessible for every business.”

Fasanara recently deployed a €50m debt facility into Zvilo, a credit-led digital bank. The bank is focused on the Balkans and emerging markets.

Zvilo will use the funds to scale and expand its working capital capacity to support more companies in the region.

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