- SellersFi, a New York-based fintech start-up, secures a new credit facility of $135 million, expandable to $300 million.
- Citi and Fasanara Capital are the backers, with Citi providing senior capital and Fasanara contributing mezzanine capital.
- Founded in 2017 as SellersFunding, SellersFi utilizes AI-driven credit scoring models to provide financial solutions to e-commerce merchants.
- In 2021, the start-up raised $166.5 million in a Series A funding round, combining equity and debt.
- Ricardo Pero, SellersFi’s co-founder and CEO, emphasizes the significance of the new facility in supporting growth and meeting financing needs in the current macro environment.
- MUFG Innovation Partners (MUIP) recently invested in SellersFi, and the funds will be used to enhance product offerings, expand the portfolio, and improve technological infrastructure.
