{"id":548722,"date":"2023-07-12T11:36:16","date_gmt":"2023-07-12T10:36:16","guid":{"rendered":"https:\/\/ibsintelligence.com\/?post_type=ibsi_news&#038;p=548722"},"modified":"2023-07-12T11:36:16","modified_gmt":"2023-07-12T10:36:16","slug":"defacto-raises-e167m-debt-financing-from-citi-and-viola-credit","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/defacto-raises-e167m-debt-financing-from-citi-and-viola-credit\/","title":{"rendered":"Defacto raises $183m debt financing from Citi and Viola Credit"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-535553 alignright\" src=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/06\/Defacto.jpg\" alt=\"Defacto, SME Lending, Loans, Securitization Fund, Debt Financing, Citi, Viola Credit, Embedded Lending, B2B Lending, FinTech, Europe\" width=\"175\" height=\"175\" srcset=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/06\/Defacto.jpg 200w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/06\/Defacto-150x150.jpg 150w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/06\/Defacto-100x100.jpg 100w\" sizes=\"auto, (max-width: 175px) 100vw, 175px\" \/>French SME lender Defacto has closed a securitization fund with Citi and Viola Credit for up to <a href=\"https:\/\/www.getdefacto.com\/\">\u20ac167 million<\/a> ($183m). Citi will be the senior lender of the fund while Viola Credit will continue to support Defacto as a mezzanine lender of the fund. This new facility allows Defacto to continue its exponential growth with a yearly funding capacity of up to 1 billion euros.<\/p>\n<p>Founded in mid-2021 by Jordane Giuly, Morgan O\u2019hana, and Marc Henri Gires, Defacto provides seamless, flexible, and instant financing to small and medium enterprises (SMEs) in Europe.<\/p>\n<p>Defacto provides its loans to SMEs via an embedded approach. Its <a href=\"https:\/\/ibsintelligence.com\/ibsi-news\/defacto-secures-e15m-to-become-europes-largest-api-first-b2b-lending-platform\/\">API-first product<\/a> enables third parties such as B2B marketplaces, FinTechs, and other digital platforms to embed financing solutions directly in their own products. As a result, SMEs can benefit from a seamless and instant lending experience, while platforms increase their differentiation and customer satisfaction.<\/p>\n<p>Over the last 18 months, Defacto has integrated several partners such as Malt, Qonto, or Pennylane, and has answered the financing needs of 7,000 European businesses from 5 different countries for 200 million euros.<\/p>\n<p>For partners with constrained tech resources, Defacto launched in May 2023 a low-tech version of its product, Liquid, to enable the easiest and fastest integration of Defacto. The securitization fund of up to \u20ac167 million will have an initial size of \u20ac67 million, with increases subject to the lender\u2019s consent.<\/p>\n<p><b>Jordane Giuly, cofounder and CEO of Defacto <\/b>said, &#8220;We are delighted to secure this facility with Citi, one of the largest banks in the world, and having Viola Credit renewing its trust in Defacto\u2019s team, strategy and product. In the current macro environment, this is an important milestone for enabling our growth with both existing and new partners and answering the financing needs of thousands of SMEs.&#8221;<\/p>\n<p><b>Ruthi Furman, General Partner and Founder at Viola Credit <\/b>said, \u201cDefacto has proven to have a sustainable business model in the B2B lending space. The company, which was created in mid-2021, has rapidly grown while keeping its costs under control thanks to a strong focus on process and operational automatisation and on data. As Viola Credit, we are delighted to participate in this new facility, allowing them to decrease their overall cost of funding.\u201d<\/p>\n","protected":false},"author":35737,"featured_media":535553,"parent":0,"template":"","categories":[11379,35279],"tags":[23679,11779,21262,27297,19471,11508,11515,11895,36873,35973,13332,26933],"class_list":["post-548722","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-lending","category-loans","tag-b2b-lending","tag-citi","tag-debt-financing","tag-defacto","tag-embedded-lending","tag-europe","tag-fintech","tag-france","tag-securitization-fund","tag-sme-funding","tag-sme-lending","tag-viola-credit"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.9 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Defacto raises $183m debt financing from Citi and Viola Credit<\/title>\n<meta name=\"description\" content=\"French SME lender Defacto closed a securitization fund with Citi and Viola Credit for up to \u20ac167 million. 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