Fasanara Capital, a UK-based institutional asset supervisor is launching a fintech fund of 1 billion euros along with credit score insurer Allianz Commerce. The fund will goal the B2B ecommerce sector. By doing so, it would increase the sector’s development.
Fasanara Capital is an funding agency and expertise platform. It’s based mostly in the UK and at the moment has over 4 billion euros in belongings beneath administration from, amongst others, massive insurers and pension funds.
Partnership to underwrite credit score danger
Now, the corporate is launching a brand new ecommerce funds of as much as 1 billion euros. It’s planning to purchase the receivables generated by B2B corporations, which can assist assist their development. On the similar time, credit score insurer Allianz Commerce will underwrite the credit score danger of those purchases.
‘We’re creating an ecosystem that may empower companies.’
Allianz Commerce will use its API expertise to carry out credit score and danger evaluation on credit score requests. “We’re thrilled to collaborate with Allianz Commerce in creating a cutting-edge digital cost answer for on-line companies to entry financing”, mentioned Francesco Filia, CEO of Fasanara Capital. “By combining Fasanara Capital’s experience in fintech with Allianz Commerce’s insurance coverage and tech prowess, we’re making a synergistic ecosystem that may empower companies and drive financial development within the digital age.”
‘B2B ecommerce is a quick development market’
“B2B ecommerce is a quick development market and our API capabilities safe B2B on-line buying and selling by offering real-time credit score selections and insurance coverage anyplace on the earth, confirming our international management as the important thing enabler for this new market”, added François Burtin, World Head of ecommerce, Allianz Commerce.