News

Zvilo signs EUR 50 mln with fintech fund

Tuesday 5 April 2022 10:09 CET | News

Zvilo has signed a term sheet for a new debt facility of up to EUR 50 million with a UK-based alternative asset management company. 

Zvilo is transforming business lending in the Balkans by providing short-term working capital facilities to SMEs across different value chains. The supplier finance program will be further automated through Zvilo’s proprietary platform, combining scale and accessibility from the outset.

The new facility will enable Zvilo to transform the region’s traditional banking sector and revolutionise how SMEs access working capital.

Zvilo is a digital platform that seeks to unlock capital for the Balkans across Europe. The company plans to offer digital financial solutions based on cost-saving, convenience, connectivity, and accessibility. 


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: funding, fintech, SMEs, financial services, banks
Categories: Banking & Fintech
Companies:
Countries: Europe
This article is part of category

Banking & Fintech






Industry Events