Pollen Street Capital invests €200m in Finnish lender

Pollen Street Capital has invested €200m (£167m) in Finnish financial services company Fundu Oy to fund small- and medium-sized businesses (SMEs) in the country.

Fundu Oy was founded in 2014 and specialises in flexible, unsecured loan-based financing for SMEs.

“Finland is home to many innovative and growth-oriented companies whose access to financing is often limited,” said Fundu Oy chief executive Lasse Vuola. “Thanks to this funding, we can help these companies reach their full potential.”

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The financing agreement with Pollen Street Capital will significantly increase Fundu’s operational capacity and support its goal of becoming the primary source of financing for SMEs in Finland.

So far the business has completed in excess of 900 funding rounds, with an average loan size of €135,000.

Vuola added: “Pollen Street Capital’s support strengthens Fundu’s vision and helps us meet the growing demand. This financing enables us to take the next big step in our business development and create even greater value for our customers and the Finnish economy as a whole.”

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Pollen Street Capital investment director Connor Marshall-Mckie said: “We are excited to partner with Fundu with this new facility. Fundu has built an impressive track record, with over 10 years of experience supporting SME’s in Finland.

“They have evidenced impressive growth and their innovative approach to lending is a great fit for our senior asset backed credit strategy. We look forward to deepening our relationship and their continued success in supporting Finnish SMEs.”

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