Defacto Closed a Securitization Fund up to €167M with Citi and Viola Credit

PARIS–(BUSINESS WIRE)–Defacto, the French lender to SME by API, closed a securitization fund with Citi and Viola Credit for up to €167m. This new facility allows Defacto to continue its exponential growth with a yearly funding capacity of up to 1 billion euros. Founded 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. Defacto’s API-first product enables third parties such as B2B marketplaces, fintechs and other digital platforms to embed Defacto’s financing solution directly in their own products. As a result, SMEs can benefit from a seamless and instant lending experience, while platforms increase their differentiation and customer satisfaction.