Silvr, a lender to European SMEs and entrepreneurs, has landed a €230m funding cope with Channel and Citi.
The brand new securitised facility comes one years after the lender, which launched in 2020, raised its first debt facility for €100m. Will probably be backed by SME loans originated by Silvr.
The Paris-headquartered agency, which has deployed greater than €150m to “a number of hundred” companies, is quickly increasing throughout Europe. It opened an workplace in Berlin in November 2022 with the brand new money aimed toward consolidating its European enlargement.
“We’re delighted to have the ability to meet a rising demand for loans, which has elevated considerably throughout Europe, after securing this securitised credit score facility from Channel and Citi” mentioned Nima Karimi, co-founder and CEO of Silvr.
“By proving extra versatile choices, tailor-made to their wants, Silvr is uniquely positioned to make it simpler for European SMEs to entry the funding they should develop,” Karimi added.
