Vane has secured a €50m asset-backed facility from Fasanara Capital. The facility is multi-currency – supporting Vane’s multi-currency lending to its customers.
Vane was established in 2015 and offers companies receivables-backed revolving credit facilities for B2B digital receivables. It previously traded as BillFront and has just rebranded to Vane. Since founding, the company has lent over $350m in 10 countries. It also plans to expand its product offering to include revenue-based funding to support mobile app user acquisition.
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