Invoice financier Lenderwize raises €100m from Fronted-backer Fasanara Capital

By Oliver Smith on Thursday 25 November 2021

Alternative Lending

Deal comes less than 24 hours after Fasanara led Fronted’s £20m debt and equity raise.

Invoice financier Lenderwize raises €100m from Fronted-backer Fasanara Capital
Image source: Augusto Pellegrini/Lenderwize.

Lenderwize, an invoice financing marketplace for telecoms firms, has closed a whopping €100m in debt funding to pave the way for international expansion and to take its platform global.

Based in London Lenderwize enables telcos to improve their cash flow by selling customer invoices attached to voice, data and digital content to investors looking to take a stake in such commodities.

The novel approach includes real-time invoice verification by providing investors with characteristics of the commodities they’re investing in, like call duration, origin, destination, and cost. Lenderwize validates this data directly with the telco.

This fresh funding was provided by credit investor Fasanara Capital, the same investor who led the debt portion of Fronted’s £20m raise just yesterday.

Augusto Pellegrini, Lenderwize’s director of strategic partnerships and co-founder said the funding would help the business to: “quickly pursue our international development plans, which include entering new markets in Europe and the US as early as the first quarter of 2022.”

Marked on Lenderwize’s European plans are launches in France, Germany and Spain next year.

Fasanara’s CEO Francesco Filia described Lenderwize’s work as “capturing a whole new asset class to invest into.”

“Lenderwize is serving a huge addressable market in the telecommunications sector with a unique model and an innovative platform. We are excited to keep working closely with Lenderwize and its management team, and to help them scale across Europe and the US.”

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