Viola Credit closes USD 700 million fund for fintech companies
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Israeli credit asset manager Viola Credit has closed a USD 700 million fund to provide credit lines to fintech companies with platforms across the US, Western Europe, UK, Australia, and New Zealand that disrupt traditional lending sectors. All the money was raised from Israeli institutional investors.
Viola Credit, formerly known as Plenus, was founded in 2000, and is part of the Viola Group. Viola’s traditional activity is extending loans for financing operations of startups that don’t want to embark on equity financing rounds and are seeking alternative ways to raise money.
