Institutional investor Fasanara Capital has launched a brand new fintech fund price $1bn (£810m) in partnership with credit score insurer Allianz Commerce.
The fund will goal the e-commerce sector, with Fasanara utilizing the funds to buy receivables generated by these companies, thereby serving to to help their development. Allianz will underwrite the credit score threat of every buy.
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“By combining Fasanara Capital’s experience in fintech with Allianz Commerce’s insurance coverage and tech prowess, we’re making a synergistic ecosystem that may empower companies and drive financial development within the digital age,” mentioned Fasanara Capital’s chief government Francesco Filia.
Fasanara has backed greater than 130 platforms the world over together with a number of peer-to-peer lenders. Its preliminary focus was bill finance however it has now expanded to different property reminiscent of shopper loans and sports activities lending. The corporate has greater than $4bn in property below administration.
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Allianz mentioned that the partnership will see it combine with Fasanara’s inside funding and underwriting techniques with the intention to assess credit score requests immediately.
“B2B e-commerce is a quick development market and our API capabilities safe B2B on-line buying and selling by offering actual time credit score selections and insurance coverage wherever on the earth, confirming our world management as the important thing enabler for this new market,” mentioned François Burtin, world head of e-commerce at Allianz Commerce.
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