Viola Credit closes $700 million for its alternative lending income funds

The global leader in credit asset management has deployed more than $1.1 billion in structured, asset-backed loans to FinTech companies disrupting traditional financial markets

TEL AVIV, Israel, May 26, 2022 /PRNewswire/ — viola credita global alternative credit asset manager providing customized credit solutions to technology companies and FinTech lenders, announced the final closing of the Viola Credit Alternative Lending Income Fund II (ALF II) with $700 million of investable capital, including its flagship fund and related managed accounts. ALF II will follow the strategy of its previous vintage and provide low-dilutive asset-based loan capital solutions to emerging and established global FinTech, PropTech and InsurTech companies that are disrupting traditional financial markets.

The FinTech sector gained significant momentum in 2021, with global FinTech funding hitting an all-time high $132 billion and the global number of FinTech unicorns reaching 235, up 108% from 2020. Financial markets are undergoing a digital transformation giving rise to non-bank and alternative lending companies and in 2021 alone, FinTech lenders have created more than $120 billion in loans.

ALF II will continue to leverage its strong network and long-standing deep relationships with the technology ecosystem to provide asset-backed lending transactions for FinTech platforms to grow their origination business. The fund will partner with FinTech platforms across the United States, Western EuropeUK, Australiaand New Zealand disrupting traditional lending industries. At the final close, the fund has already called over 40% of its capital commitments and expects to partner with 13-15 additional Fintech platforms.

“We are excited to launch another alternative loan income fund,” said Ruthy Furman, Founder and General Partner at Viola Credit. “We deployed more than $1.1 billion to date under this strategy and have partnered with over 15 promising platforms. We are excited to launch an additional Alternative Lending Income Fund to continue supporting this growing FinTech ecosystem globally. »

Viola Credit is a long-term lending partner that can meet the capital needs of businesses of all types and stages, from operational capital needs to support growth to asset-based lending needs to fund FinTech lenders. With extensive experience in banking, finance and technology investments, the Viola Credit team has become the lender of choice for many promising companies around the world.

Financial services are undergoing transformational change,” said Ido Vigdor, General Partner at Viola Credit. “This fintech revolution, driven by accelerating digital adoption and the emergence of new business models, is enabling new forms of banking experience and consumer financial services, which requires securing loan capital solutions. to support growth. We are proud to partner with innovative FinTech platforms to nurture them as a business, help them develop their products and play a vital role in their go-to-market strategy.”

About Viola Credit

Viola Credit is a global credit investment manager focused on supporting the growth of the innovation economy. He is part of the Viola group, Israel’s the largest technology investment house with more than $4 billion in assets under management. Viola Credit provides customized credit solutions to global technology companies, including top FinTech, PropTech and InsurTech companies that are disrupting traditional financial markets. Viola Credit’s data-driven investment and risk management operations are key to delivering unique solutions to its portfolio companies. For more information, please visit: https://www.viola-group.com/fund/violacredit/

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