SME Finance gets €100m credit facility

SME Finance, a Lithuanian SME lender, has reportedly secured a €100m credit facility from Fasanara Capital. This fresh equity will enable SME Finance to create an EU-wide FinTech marketplace for traditional business loans, as well as new models of lending, such as revenue-based financing and embedded finance.

SME Finance offers tailored financing solutions that take into account the specific features of the client’s activities. The company just requires a few documents, such as financial reports and data from the buyers, to offer a loan. Since its establishment in 2016, SME Finance has deployed over €1.3bn in loans and invoice financing. The company currently operates across Lithuania, Latvia, Estonia and Finland.

SME Finance CEO, Mindaugas Mikalajūnas, expressed excitement about the partnership with Fasanara, stating, “SMEs are a highly attractive credit market for major asset managers, like Fasanara, and we are excited to deepen our partnership. Our mission is to be the number one banking and finance partner for SMEs in Europe, and this extension of our credit facility will help us greatly in making finance accessible for every business.”

Fasanara recently deployed a €50m debt facility into Zvilo, a credit-led digital bank that focuses on the Balkans and emerging markets. Zvilo plans to scale and expand its working capital capacity to support more companies in the region using the funds from Fasanara.