The deal comes less than 24 hours after Fasanara led Fronted’s £ 20million debt and equity increase.
Image source: Augusto Pellegrini / Lenderwize.
Lenderwize, a bill financing marketplace for telecommunications companies, has closed a massive $ 100 million debt financing to pave the way for international expansion and expand its platform globally.
Based in London, Lenderwize enables telecommunications operators to improve their cash flow by selling customer invoices attached to voice, data and digital content to investors looking to take a stake in these products.
The new approach includes real-time invoice verification by providing investors with the characteristics of the products in which they are investing, such as call length, origin, destination and cost. Lenderwize validates this data directly with the telephone company.
This new funding was provided by credit investor Fasanara Capital, the same investor who led the debt portion of Fronted’s £ 20million increase yesterday.
Augusto Pellegrini, director of strategic partnerships and co-founder of Lenderwize, said the funding would help the company to: “quickly pursue our international development plans, which include entering new markets in Europe and the United States from the start. first quarter of 2022 ”.
Lenderwize’s European projects are marked by launches in France, Germany and Spain next year.
Fasanara CEO Francesco Filia described Lenderwize’s work as “capturing a whole new asset class to invest in”.
“Lenderwize serves a large addressable market in the telecommunications industry with a unique model and an innovative platform. We are delighted to continue to work closely with Lenderwize and its management team, and to help them grow in Europe and the United States. “