SellersFi – a cutting-edge financial technology startup – announced today that it has closed a new US credit facility with Citi and independent asset manager Fasanara Capital for $135 million with the potential to grow up to $300 million as SellersFi expands.
Citi provides the senior capital with a portion from Fasanara and Fasanara provides the mezzanine capital. And Fasanara is renewing its commitment to SellersFi by continuing its support to SellersFi as the senior lender for other jurisdictions and products. The new funds will be deployed to further develop SellersFi’s innovative product offerings, expand its portfolio, and enhance its technological infrastructure.
KEY QUOTES:
“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.”
- Ricardo Pero, co-founder and CEO of SellersFi
“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.”
- Abhi Chakraborty, CFO at SellersFi
“Fasanara has been a finance partner to SellersFi since February 2020. 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 provides flexible and innovative capital solutions to meet SellersFi’s evolving needs.
- Francesco Filia, CEO at Fasanara
