P2P investor Fasanara inks $200m deal with Canadian pension fund
Fasanara Capital has announced a strategic $200m (£167m) deal with a Canadian pension fund.
The alternative credit and venture capital investor – which has invested in peer-to-peer lending platforms such as FundOurselves – will use the extra cash to help bolster its portfolio companies, said chief executive Francesco Filia.
“This capital will help bolster our portfolio companies, by providing them with the certainty that they can access a range of financial products, should they need them,” Filia said.
“At a time when the wider capital market is experiencing such uncertainty, Fasanara’s portfolio companies know that they belong to an ecosystem which is strongly supported by some of the largest institutional investors in Europe and North America.”
While Fasanara has opted not to name the pension fund in question, several Canadian pension funds have invested in fintech funds over the past few years.
Fasanara Capital invests in fintech lenders and Web3 startups, with the aim of funding invoice receivables, working capital facilities, short-term business loans, and other speciality finance loan products.
Over the past year it has been entering new markets such as India. The company said that it hopes to expand into the US in the near future.
Earlier this year, Fasanara announced plans to launch a $350m venture capital fund that will invest in fintech and crypto companies.
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