SellersFi, a global financial technology startup, closed a 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 while Fasanara provides junior capital in the transaction. Also, Fasanara is renewing its commitment in SellersFi by continuing its support to SellersFi as senior lender for other jurisdictions and products. The new investment will be deployed to further develop SellersFi’s innovative product offerings, expand its portfolio and enhance its technological infrastructure.
“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,” Ricardo Pero, co-founder and CEO of SellersFi, said. “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.”
“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, said.
“Fasanara has been a finance partner to SellersFi since February 2020,” Francesco Filia, CEO at Fasanara, said. “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.”
