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SellersFi closes $300 million credit facility with Citi and Fasanara Capital | Fintech InShorts: Latest fintech news, analysis by experts

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SellersFi closes $300 million credit facility with Citi and Fasanara Capital

By Laura M

January 3, 2024

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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