Viola Credit, a Tel Aviv, Israel-based global alternative credit asset manager providing customized credit solutions to technology companies and FinTech lenders, closed the Viola Credit Alternative Lending Income Fund II (ALF II) with $700 million of investable capital including its flagship fund and related managed accounts.
ALF II will continue to follow its previous vintage. It will offer minimally dilutive, asset-based capital solutions for emerging and established global FinTech and PropTech companies and InsurTech companies disrupting traditional financial markets.
The fund will continue to enjoy its network and deep long-standing relationships with the technology ecosystem to provide asset backed lending transactions for FinTech platforms to scale their origination business.
ALF II will be partnering with FinTech platforms from the US, UK and Australia that disrupt traditional lending. The fund had already called over 40% of its capital commitments as of the closing. It plans to partner with 13-15 other Fintech platforms.
Viola Credit is led by Ruthi Furman (Founder and General Partner) and Ido Vividor (General Partner). Viola Credit can provide capital support for all stages of companies, from capital requirements in supporting growth to capital-based lending to FinTech lenders to fund operational capital.