Expansion of Zvilo's Debt Facility with Fasanara Capital
Financial agreement expands credit facilities for Zvilo, up to €75 million provided by Fasanara Capital, fueling growth for small and medium-sized enterprises (MSMEs)
Zvilo, a global trade finance lender, has expanded its debt facility with Fasanara Capital to a significant €75 million. This increase marks a milestone in Zvilo's mission to scale its presence and impact across emerging markets, particularly in Africa, Turkey, and the broader Middle East.
The Increased Facility
The expanded facility will enable Zvilo to meet growing demand and accelerate its strategic expansion. It will be used to enhance regional hubs for the company, improving the local support and services available to Micro, Small, and Medium Enterprises (MSMEs).
Impact on MSMEs
The increased facility will provide more MSMEs in underserved markets with access to working capital, enabling them to expand their operations and drive economic growth. Zvilo's use of AI-driven technology and disciplined underwriting processes will accelerate the efficient deployment of capital, benefiting MSMEs by providing faster and more reliable access to funds.
Partnership and Vision
Fasanara Capital's continued partnership with Zvilo reflects confidence in the scale and sophistication of Zvilo's AI-driven technology. Both Zvilo and Fasanara are committed to bridging the trade finance gap, offering scalable access to capital for MSMEs and driving meaningful economic impact.
Admir Imami, Chairman at Zvilo, commented that Fasanara has been an avid and early supporter of Zvilo. Fasanara Capital's vision for next-generation credit platforms aligns well with Zvilo's use of technology, disciplined underwriting, and regional expertise.
Geographic Expansion
The expanded facility will allow Zvilo to build further in Africa and beyond. This geographic expansion will help close the global trade finance gap, estimated at $2.5 trillion. It will offer MSMEs in these regions better opportunities for growth and development.
Zvilo has already funded businesses across 39 markets with support from Fasanara. The company is excited to continue scaling its presence in emerging markets alongside a partner that shares its mission.
In conclusion, the expansion of Zvilo's debt facility with Fasanara Capital is a significant step forward in Zvilo's mission to empower thousands of MSMEs with timely access to capital. The additional headroom within the facility will enable Zvilo to meet growing demand and accelerate its strategic expansion, driving economic growth and development in emerging markets.
[1] Zvilo Press Release. (2023). Zvilo secures €75 million debt facility from Fasanara Capital. Retrieved from www.zvilo.com/press-releases
[2] Fasanara Capital Press Release. (2023). Fasanara Capital backs Zvilo's expansion with €75 million debt facility. Retrieved from www.fasanaracapital.com/press-releases
[3] The Trade Finance Gap. (2021). International Chamber of Commerce. Retrieved from www.iccwbo.org/global-trade/trade-finance-gap
- The increased €75 million debt facility with Fasanara Capital will enable Zvilo, a global trade finance lender, to invest in technology, aiming at improving regional hubs and providing more efficient services to Micro, Small, and Medium Enterprises (MSMEs).
- With the expanded debt facility, Zvilo, committed to bridging the trade finance gap, will leverage technology and disciplined underwriting to provide faster and more reliable access to funds for MSMEs in Africa, Turkey, and the broader Middle East, thereby driving economic growth and business expansion.
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