18 July 2023

Silvr secures up to €200m credit facility to close European SME funding gap

Written By FinTech Alliance in SME Finance

Silvr secures up to €200m credit facility to close European SME funding gap

Silvr, a lender to European SMEs and entrepreneurs, has landed a €230m funding deal with Channel and Citi.

In brief:

-The new securitised facility comes one year after the lender raised its first debt facility for €100m.

-It will be backed by SME loans originated by Silvr.

-It has deployed more than €150m to “several hundred” businesses, and it is rapidly expanding across Europe.

What does this mean?

"We are delighted to be able to meet a growing demand for loans, which has increased significantly across Europe, after securing this securitised credit facility from Channel and Citi” said Nima Karimi, co-founder and CEO of Silvr.

Read more here.

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