Fasanara Capital and Allianz Trade partner to create $1bn B2B eCommerce fund
Lending will be targeted at providing trade credit for fast-growing eCommerce businesses
Asset manager Fasanara Capital has launched a fresh $1bn fintech fund to target the booming B2B eCommerce sector, with the help of trade credit insurer Allianz Trade.
Fasanara plans to purchase receivables generated by these firms, in turn helping to support their continued growth, while Allianz will underwrite the credit risk of each purchase.
"By combining Fasanara Capital's expertise in fintech with Allianz Trade's insurance and tech prowess, we are creating a synergistic ecosystem that will empower businesses and drive economic growth in the digital age,” Fasanara Capital’s CEO Francesco Filia said.
Fasanara has made a series of increasingly large deals over the years, expanding from receivables financing to real estate, consumer and even sport financing.
Today the company has over $4bn in assets under management (AUM), including from large insurers and pension funds.
For Allianz, the partnership will see it integrate with Fasanara’s internal investment and underwriting systems in order to assess credit requests instantly.
“B2B e-commerce is a fast growth market and our API capabilities secure B2B online trading by providing real time credit decisions and insurance anywhere in the world, confirming our global leadership as the key enabler for this new market,” François Burtin, global head of eCommerce at Allianz Trade said.