SellersFi, a global leader in the FinTech sector, has recently announced a new US credit facility amounting to $300m.
The cutting-edge financial technology startup has successfully closed a new US credit facility. This facility, arranged with major financial players Citi and independent asset manager Fasanara Capital, amounts to an impressive $135m. It also has the potential to grow up to $300m as SellersFi continues its expansion journey.
The financial package is structured with senior capital provided by Citi, complemented by a portion from Fasanara. Additionally, Fasanara is contributing mezzanine capital and renewing its commitment to SellersFi. This renewal is marked by its continued support as a senior lender across various jurisdictions and for multiple products. This new investment will be channelled towards further development of SellersFi’s innovative product offerings, expansion of its portfolio, and enhancement of its technological infrastructure.
SellersFi’s co-founder and CEO, Ricardo Pero, expressed his enthusiasm about the new financial partnership. “We are delighted to secure this credit facility with Citi, one of the largest banks in the world, and having Fasanara Capital renew its trust in SellersFi’s team, strategy and products. In the current macro environment, this is an important milestone for enabling our growth with both existing and new partners and answering the financing needs of thousands of e-commerce businesses,” he said.
Abhi Chakraborty, CFO at SellersFi, also commented on the collaboration. “This collaboration underscores our commitment to delivering excellence in financial services and strengthens our ability to meet the dynamic needs of our clients. We are excited about the opportunities that lie ahead and are confident that this funding will pave the way for continued success and growth,” he said.
Francesco Filia, CEO at Fasanara, highlighted the ongoing relationship with SellersFi. “Fasanara has been a finance partner to SellersFi since February 2020,” he said. “This new facility builds on the existing relationship. We are excited to once again work with SellersFi and welcome the new credit facility from Citi.” Fasanara’s commitment to providing flexible and innovative capital solutions is aligned with SellersFi’s evolving needs.
Previous investments in SellersFi include significant partnerships and financial agreements, showcasing the company’s consistent growth and market confidence.
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