P2P backer Fasanara launches $1bn fintech fund

Institutional investor Fasanara Capital has launched a new fintech fund worth $1bn (£810m) in partnership with credit insurer Allianz Trade.

The fund will target the e-commerce sector, with Fasanara using the funds to purchase receivables generated by these firms, thereby helping to support their growth. Allianz will underwrite the credit risk of each purchase.

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“By combining Fasanara Capital’s expertise in fintech with Allianz Trade’s insurance and tech prowess, we are creating a synergistic ecosystem that will empower businesses and drive economic growth in the digital age,” said Fasanara Capital’s chief executive Francesco Filia.

Fasanara has backed more than 130 platforms across the world including several peer-to-peer lenders. Its initial focus was invoice finance but it has now expanded to other assets such as consumer loans and sports lending. The company has more than $4bn in assets under management.

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Allianz said that the partnership will see it integrate with Fasanara’s internal investment and underwriting systems in order to assess credit requests instantly.

“B2B e-commerce is a fast growth market and our API capabilities secure B2B online trading by providing real time credit decisions and insurance anywhere in the world, confirming our global leadership as the key enabler for this new market,” said François Burtin, global head of e-commerce at Allianz Trade.

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