Zvilo Secures €50m Debt Facility from Fasanara Capital

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A new debt facility turbocharges Zvilo’s ability to scale its supplier lending for SMEs in the Balkans.

Zvilo, the credit-led digital bank for the Balkans and emerging markets, has today announced it has secured a debt facility of €50m from Fasanara Capital — an independent, owner-managed alternative asset management company. This follows its announcement that terms had been signed earlier in the year.

This debt facility will allow Zvilo to rapidly scale and subsequently expand its provision of working capital for the 800,000+* SMEs situated in the Balkans. This is vital, as even before the surge in energy costs, c.40%* of SMEs in the Balkans sought loans to expand their operations. However, high collateral requirements in the Balkans (almost 200%* of loan value) make financing inaccessible, particularly for SMEs. An alternative financial provider like Zvilo is needed now…

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