French SME lender Defacto has closed a securitisation fund with Citi and Viola Credit for up to €167 million ($183m). Citi will be the senior lender of the fund while Viola Credit will continue to support Defacto as its mezzanine lender. This new facility allows Defacto to continue its exponential growth with a yearly funding capacity of up to 1 billion euros.
Founded in mid-2021 by Jordane Giuly, Morgan O’hana, and Marc Henri Gires, Defacto provides seamless, flexible, and instant financing to small and medium enterprises (SMEs) in Europe.
