Viola Credit closes $2B fund to boost fintech lending across US, Europe, Australia

Viola Credit has successfully closed its third Asset-Based Lending (ABL) fund at $2 billion, surpassing the initial $1.5 billion target, reflecting strong institutional demand for private credit in the fintech and technology sectors. The fund aims to support 30-40 fintech and tech-enabled lenders globally across various regions including the U.S., U.K., Western Europe, Australia, and Israel, with financing spanning small business loans, consumer credit, payments, and other asset-backed credit products. This fund excludes investments in crypto or blockchain ventures, focusing instead on stable, asset-backed credit platforms. Viola Credit’s strategic $500 million partnership with Cadma Capital Partners enhances its capacity to execute larger deals, particularly in Western markets. The firm has expanded its leadership team with key hires in Europe and the U.S., underlining its growth ambitions. Overall, the fund is positioned as a vital partner aiding fintech companies in product development and scaling, while carefully assessing creditworthiness to ensure sustainable growth.