May 26, 2022, TEL AVIV, ISRAEL — Viola Credit, a global alternative credit asset manager that provides credit solutions to technology and FinTech companies, announced the final closing of the Viola Credit Alternative Lending Income Fund II (ALF II), which includes its flagship fund and related managed accounts, with US $700 million of investable capital.
ALF II will continue its predecessor’s goal of providing asset-based lending capital solutions to developing and established global FinTech, PropTech, and InsurTech companies disrupting traditional financial markets.
Viola Credit is a long-term credit company that can help firms of all sizes and stages with their capital needs, ranging from operational capital to asset-based lending to finance FinTech lenders. With extensive banking, financial, and technological investment experience, the Viola Credit team has become the preferred lender for several profitable businesses worldwide.
What the company has to say:
Founder, and General Partner at Viola Credit-Ruthi Furman:
“We’re thrilled to announce the introduction of a new Alternative Lending Income Fund. We’ve invested over US $1.1 billion in this strategy and worked with over 15 potential platforms. We’re happy to announce the creation of a new Alternative Lending Income Fund to help support the global FinTech ecosystem.”
Ido Vigdor, General Partner at Viola Credit:
“Financial services are undergoing significant transformations. This fintech revolution, fueled by the rapid adoption of digital technology and the rise of new business models, enables new banking experiences and consumer financial services, necessitating the establishment of lending capital solutions to support growth. We take pride in partnering with cutting-edge FinTech platforms to help them grow as a business, build their products, and be an integral part of their go-to-market strategy.”
About the company:
Viola Credit is a global credit investment manager dedicated to fostering the innovation economy’s growth. It’s part of the Viola Group, Israel’s largest technology investment firm, managing over US $4 billion in assets. Viola Lending offers tailored credit solutions to global technology firms, including best-in-class FinTech, PropTech, and InsurTech firms disrupting traditional financial systems. The data-driven investment and risk management activities of Viola Credit are critical to providing innovative solutions to its portfolio firms.
In 2021, the FinTech sector gained substantial traction, with worldwide FinTech funding reaching a new high of US $132 billion and the number of global FinTech unicorns going 235, up 108 percent from 2020. Financial markets are undergoing a digital revolution, resulting in the emergence of non-bank and alternative lending enterprises, with FinTech Lenders alone originating more than US $120 billion in loans in 2021.
ALF II will maintain its strong network and long-standing contacts with the technology ecosystem to provide asset-backed lending transactions to FinTech platforms looking to expand their origination operations. The fund will work with FinTech platforms disrupting traditional lending industries in the United States, Western Europe, the United Kingdom, Australia, and New Zealand.
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