Viola Credit has raised $ 700 million to fund credit portfolios at fintech companies

Credit Fund Viola Credit Raised $ 700 million from institutional entities in Israel – to finance credit portfolios in fintech companies.

In response to growth in the fintech field, Viola Credit is implementing an investment strategy Which provides a dedicated solution for financial technology companies In need of financing for their credit portfolios, with a lower dilution level than is customary in equity investments. The fund intends to invest in 13-15 Israeli and global fintech companies with an emphasis on the United States, Western Europe and Australia.

Ido Vigdor, managing partner in the fund, told Calcalist: “We raised a $ 700 million fund that is divided into sub-funds, some of which are funds from local institutional entities and some from smaller entities. We are no longer a classic debt fund but a fund that manages for institutional entities. A dedicated debt fund as well as managed accounts for institutional entities such as insurance companies and banks. “

“We work with companies from the stage they take first credit to advanced stages including public companies,” he said.

Vigdor emphasized that “all financing is done outside Israel and therefore does not compete with local banks, but on the contrary – helps local institutions to go out.”

Ruthi Foreman, managing partner at the Viola Credit Fund, stated: “The flourishing of the world’s financial platforms has also led to an increase in demand for innovative financing solutions – to date we have invested $ 15 billion in 15 companies under this investment strategy and we believe the demand for these products will increase. As the world of fintech expands into new products, business models and geographies. “

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Alex Ginzburg (partner in the fund), Ruthie Furman and Ido Vigdor

( viola)

Viola Credit is part of the Viola Group, the largest technology investment group in Israel, which manages over $ 4 billion in various investment strategies. The fund specializes in long-term debt solutions for technology companies, in Israel and around the world. To date, the fund has supported about 150 companies.