SellersFi, a global financial technology startup, has successfully closed a substantial credit facility with Citi, one of the world’s largest banks, and independent asset manager Fasanara Capital. The funding, totaling $135 million, has the potential to expand to $300 million as SellersFi embarks on an ambitious expansion plan. This financial injection is set to fortify SellersFi’s position as a leading player in the fintech sector, enabling the company to enhance its product offerings, broaden its portfolio, and strengthen its technological infrastructure.

Key Players and Funding Structure

The credit facility comprises senior capital from Citi, with a portion contributed by Fasanara, and mezzanine capital exclusively provided by Fasanara. This collaboration not only demonstrates the confidence of major financial institutions in SellersFi but also underscores the strategic alignment between Citi and Fasanara in supporting the startup’s growth initiatives. Fasanara, having been a finance partner to SellersFi since February 2020, is renewing its commitment by continuing its support as a senior lender for other jurisdictions and products.

Utilization of Funds

SellersFi plans to deploy the newly acquired investment to further develop its innovative product offerings, expand its portfolio, and enhance its technological infrastructure. In the rapidly evolving landscape of financial technology, this infusion of capital positions SellersFi to meet the dynamic needs of its clients, particularly within the e-commerce sector.

Ricardo Pero, co-founder and CEO of SellersFi, expressed his enthusiasm for the collaboration, stating, “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.”

Strategic Collaboration and Client-Centric Approach

Abhi Chakraborty, CFO at SellersFi, highlighted the collaboration as a testament to their commitment to delivering excellence in financial services and addressing the evolving needs of their clients. The strategic alignment with Citi and Fasanara positions SellersFi at the forefront of fintech innovation, ensuring that the company remains agile and responsive to the ever-changing demands of the market.

Francesco Filia, CEO at Fasanara, emphasized the longstanding relationship with SellersFi and the excitement about the new credit facility. Fasanara’s provision of flexible and innovative capital solutions underscores its dedication to supporting SellersFi’s growth journey.

Future Growth Prospects

With the infusion of significant capital, SellersFi is poised for substantial growth, ready to capitalize on emerging opportunities within the fintech sector. The collaboration with industry giants Citi and Fasanara is a strategic move that not only boosts SellersFi’s financial strength but also solidifies its standing as a key player in the global financial technology landscape.

In conclusion, SellersFi’s successful closure of the $135 million credit facility marks a milestone in its journey toward expansion and innovation. As the company continues to evolve, fueled by the support of major financial institutions, it is well-positioned to lead the way in shaping the future of fintech and addressing the diverse financial needs of e-commerce businesses worldwide.

By Admin

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