Friday, November 22, 2024
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SellersFi closes $300 million credit facility with Citi and Fasanara Capital

  • SellersFi, a global fintech startup, closed a new US credit facility with Citi and Fasanara Capital for $135MM, potentially expanding to $300M.
  • Citi provides senior capital, and Fasanara contributes to senior and mezzanine capital, renewing its commitment to support SellersFi in various jurisdictions.
  • The funds will be used to develop innovative products, expand the portfolio, and enhance technological infrastructure.
  • Ricardo Pero, CEO of SellersFi, expresses delight in securing the credit facility, emphasizing the importance of the milestone for growth and addressing financing needs in the e-commerce sector.
  • Abhi Chakraborty, CFO at SellersFi, highlights the collaboration’s significance in delivering excellence in financial services and meeting clients’ dynamic needs.
  • Fasanara, a finance partner since February 2020, welcomes the new credit facility from Citi and expresses excitement about continuing to work with SellersFi.

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