- SellersFi, a global fintech startup, closed a new US credit facility with Citi and Fasanara Capital for $135MM, potentially expanding to $300M.
- Citi provides senior capital, and Fasanara contributes to senior and mezzanine capital, renewing its commitment to support SellersFi in various jurisdictions.
- The funds will be used to develop innovative products, expand the portfolio, and enhance technological infrastructure.
- Ricardo Pero, CEO of SellersFi, expresses delight in securing the credit facility, emphasizing the importance of the milestone for growth and addressing financing needs in the e-commerce sector.
- Abhi Chakraborty, CFO at SellersFi, highlights the collaboration’s significance in delivering excellence in financial services and meeting clients’ dynamic needs.
- Fasanara, a finance partner since February 2020, welcomes the new credit facility from Citi and expresses excitement about continuing to work with SellersFi.
SellersFi closes $300 million credit facility with Citi and Fasanara Capital
Topics
Popular Categories
Previous article![]( "Giga ML wants to help companies deploy LLMs offline")
Next article![]( "Beware AI’s hidden costs before they bankrupt innovation")
