Key Takeaways
- • Fasanara Capital, the London-based asset manager and fintech lender, announced it won a strategic mandate of approximately $200m from one of Canada's largest pension funds.
- • The new capital will fund lending to the real economy, including invoice receivables, working capital facilities, short-term SME loans and specialty finance products.
- • Fasanara manages $4bn AUM and describes itself as Europe's largest lender to fintech platforms, with a portfolio of equity exposures to 29 startups.
- • The mandate follows Fasanara's $350m VC Fund, launched in mid-2022, which targets equity investments in fintech and Web3 companies.
Summary
Fasanara Capital, a London-based asset management and technology platform, announced that it has won a strategic mandate of approximately $200m from one of Canada's largest pension funds, according to the firm's announcement published via FF News. The company said the capital will support further expansion of its global fintech ecosystem, with proceeds used to lend to the real economy through invoice receivables, working capital facilities, short-term SME loans and a range of specialty finance products.
The mandate follows the launch in mid-2022 of Fasanara's $350m VC Fund, which makes equity investments in next-generation global fintech and Web3 companies. The firm said the new mandate helps it complete its offering to fintech companies and adds diversification to its portfolio.
Launched in 2011, Fasanara describes itself as a tech-enabled asset manager and Europe's largest lender to fintech platforms, and also as a material liquidity provider in crypto markets. The firm reports $4bn in AUM and a portfolio of equity exposures to 29 startups and scaling technology businesses, including Stashfin, Scalapay, Grover and FlexCar. Existing investors include several large European pension funds, the European Investment Fund and major European insurers. The firm employs over 200 people, more than 130 of them in technology.
CEO Francesco Filia said the mandate marks "another major milestone" and cements Fasanara's position as Europe's largest provider of capital for fintech companies. The company cited industry data showing 750 financing deals for European fintechs in 2021, totaling nearly €26 billion, and a record $2.2 billion invested by European VCs into cryptocurrency and DeFi startups in 2021. Fasanara estimates total ecosystem cumulative lending volumes across its group and portfolio companies could reach $45 billion in 2022.
The firm also highlighted portfolio results, noting that ScalaPay became Italy's first unicorn after a large Series B round, and that Grover, in which Fasanara invested in its Series B and C rounds, is now valued at over $1 billion. Fasanara was also named one of the fastest growing companies of 2022 by the Financial Times, according to the announcement.
The mandate follows the launch in mid-2022 of Fasanara's $350m VC Fund, which makes equity investments in next-generation global fintech and Web3 companies. The firm said the new mandate helps it complete its offering to fintech companies and adds diversification to its portfolio.
Launched in 2011, Fasanara describes itself as a tech-enabled asset manager and Europe's largest lender to fintech platforms, and also as a material liquidity provider in crypto markets. The firm reports $4bn in AUM and a portfolio of equity exposures to 29 startups and scaling technology businesses, including Stashfin, Scalapay, Grover and FlexCar. Existing investors include several large European pension funds, the European Investment Fund and major European insurers. The firm employs over 200 people, more than 130 of them in technology.
CEO Francesco Filia said the mandate marks "another major milestone" and cements Fasanara's position as Europe's largest provider of capital for fintech companies. The company cited industry data showing 750 financing deals for European fintechs in 2021, totaling nearly €26 billion, and a record $2.2 billion invested by European VCs into cryptocurrency and DeFi startups in 2021. Fasanara estimates total ecosystem cumulative lending volumes across its group and portfolio companies could reach $45 billion in 2022.
The firm also highlighted portfolio results, noting that ScalaPay became Italy's first unicorn after a large Series B round, and that Grover, in which Fasanara invested in its Series B and C rounds, is now valued at over $1 billion. Fasanara was also named one of the fastest growing companies of 2022 by the Financial Times, according to the announcement.
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