Lenderwize, a leading fintech platform for digital commodities, has received €100 million in funding from Fasanara Capital, an alternative lender in Europe.
Lenderwize, which is headquartered in London, will use the funding to accelerate its international expansion plans. These include launching operations in France, Germany, Spain and the United States during 2022.
Lenderwize provides continuous embedded finance via a digital marketplace to help telecommunications companies globally solve cash flow problems. It enables investors to acquire digital commodities – including voice, data and digital content – from providers by buying their invoices.
Uniquely, Lenderwize’s platform provides investors with proof of service by sharing characteristics for each commodity such as call duration, origin, destination and cost. It verifies this data in real- time to validate the services rendered on each invoice.
Lawrence Gilioli, CEO and co-founder of Lenderwize, says: “Lenderwize is proud to have secured new funding from institutional investors. This is further proof of the validity of our digital platform and our ability to provide risk mitigation services to investors, clients and insurers.”
Augusto Pellegrini, Director of Strategic Partnerships and co-founder of Lenderwize, adds: “The working capital provided by Fasanara Capital will allow us to quickly pursue our international development plans, which include entering new markets in Europe and the US as early as the first quarter of 2022.”
Francesco Filia, CEO and Fasanara Capital comments: “We have a successful track record with Lenderwize as its platform truly mitigates risk , while capturing a whole new asset class to invest into. Lenderwize is serving a huge addressable market in the telecommunications sector with a unique model and an innovative platform. Fasanara backs innovation, technology, entrepreneurs and quality management. We are excited to keep working closely with Lenderwize and its management team, and to help them scale across Europe and the US.”
