Viola Credit launches $700m alternative lending fund

The asset manager has deployed over $1.1bn to date in structured, asset-backed loans to fintech companies disrupting traditional lending, property and insurance markets.

Viola Credit, an alternative credit asset manager deploying money through fintech lenders, has closed a new $700m fund.

The fund will partner with companies across the US, Western Europe, UK, Australia, and New Zealand that disrupt traditional lending sectors.

The Viola Credit Alternative Lending Income Fund II provides asset-based lending capital solutions to emerging and established global fintech lenders as well as proptech, and insurtech companies.

“Financial services are undergoing transformational shifts”, said Ido Vigdor, General Partner at Viola Credit. 

“This fintech revolution, driven by acceleration of digital adoption and emergence of new business models, enables new forms of banking experience and consumer financial services, which requires securing of lending capital solutions to support growth.” 

As of the final close, the fund has already called more than 40 per cent of its capital commitments and plans to partner with 13-15 additional fintech platforms.

Israel-based Viola Credit says it has deployed over $1.1bn to date under its alternative income strategy and has partnered with over 15 platforms. 

We’re excited to launch an additional Alternative Lending Income Fund to continue supporting this growing FinTech ecosystem globally,” said Ruthi Furman, Founder and General Partner at Viola Credit.