Viola Credit, a Tel Aviv, Israel-based global alternative credit asset manager providing customized credit solutions to technology companies and FinTech lenders, closed 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 prior vintage and will provide minimally dilutive asset-based lending capital solutions to emerging and established global FinTech, PropTech, and InsurTech companies that are disrupting traditional financial markets.
The fund will continue to enjoy its network and deep long-standing relationships with the technology ecosystem to provide asset backed lending transactions for FinTech platforms to scale their origination business.
ALF II will partner with FinTech platforms across the US, Western Europe, UK, Australia, and New Zealand that disrupt traditional lending sectors. As of the final close, the fund has already called more than 40% of its capital commitments and plans to partner with 13-15 additional Fintech platforms.
Led by Ruthi Furman, Founder and General Partner, and Ido Vigdor, General Partner, Viola Credit is a long-term credit partner that can support the capital requirements of companies of all types and stages, from operational capital needs in supporting growth to asset-based lending needs to finance FinTech lenders.
FinSMEs
27/05/2022