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.
