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FinTech SellersFi closes $300m credit facility from Citi and Fasanara

By Delisha Fernandes

December 20, 2023

  • Banks
  • Citi
  • Credit Facility

SellersFi, Credit Facility, Citi, Fasanara, investment, funding, e-commerce businesses, banks, Fintech news, Fintech USASellersFi, a global FinTech startup, closed a new US credit facility with Citi and independent asset manager Fasanara Capital for $135 million with the potential to grow up to $300 million .

Ricardo Pero, co-founder and CEO of SellersFi said, “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. In the current macro environ ment, 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.”

The financial package is structured with senior capital provided by Citi, complemented by a portion from Fasanara. Additionally, Fasanara is contributing mezzanine capital and renewing its commitment to SellersFi. This renewal is marked by its continued support as a senior lender across various jurisdictions and for multiple products. This new investment will be channelled towards further development of SellersFi’s innovative product offerings, expansion of its portfolio, and enhancement of its technological infrastructure.

“Fasanara has been a finance partner to SellersFi since February 2020,” said Francesco Filia, CEO at Fasanara. “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.” Fasanara provides flexible and innovative capital solutions

“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,” said Abhi Chakraborty, CFO at SellersFi.

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