Viola Credit Secures $600 Million for New Fund Targeting International Fintech Lending

Viola Credit Secures $600 Million for New Fund Targeting International Fintech Lending

By Staff Writer, 02 August 2024

Viola Credit has successfully closed the first $600 million of its third fund, aimed at providing asset-backed lending to international fintech enterprises. This initial closure is part of a broader $1.5 billion fundraising effort, expected to be completed in the coming months.

Currently managing $2.5 billion in assets, Viola Credit has extended loans to 150 companies both in Israel and abroad. The firm, led by partners Ruthi Furman and Ido Vigdor, will continue its investment strategy with this new fund, focusing on asset-backed financing for fintech businesses in Western countries that offer non-bank credit.

The fund will invest in credit portfolios generated by fintech companies at various stages, both directly and through managed accounts, continuing Viola Credit's commitment to supporting the growth and stability of the fintech sector.

Source: Startup Rise

Subscribe To Our Newsletter

Stay up to date with the latest news, special reports, videos, infobytes, and features on the region's most notable entrepreneurial ecosystems