Multifi secures £10m funding from Fasanara Capital

Jodie Bradley | 16:36 Monday 30th October 2023 | 0

SME credit platform Multifi has received a £10m capital injection from asset manager Fasanara Capital to assist its mission to revolutionise the SME finance landscape.

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p>Multifi views SMEs as the “backbone of the UK economy”, and its online platform aims to simplify their access to credit, allowing them to check their eligibility for loans of up to £200,000 instantly.

Multifi applies a fixed monthly access fee of 0.3% and an interest rate of 1.99% per month on used credit.

Matt Kus, head of origination for developed markets at Fasanara, commented: “Fasanara Capital is committed to supporting the UK SME ecosystem through funding partnerships with lenders like multifi.

“As a quantitatively focused asset manager, we are excited by multifi’s prudent risk control framework which heavily leverages technology, enabling it to provide working capital finance to UK SMEs via flexible facilities that can be paid out quickly.”

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