Viola Credit Raises $2 Billion Fund For Fintech Debt Financing

Viola Credit, an asset manager specializing in alternative credit, has raised a $2 billion fund to lend to financial technology startups.

The company plans to provide asset-based loans to as many as 40 companies “that have capital-intensive lending businesses” and need support, said Ido Vigdor, a managing partner at Viola Credit, in an interview. “It could be small business lending, consumer lending, buy-now-pay-later payments, and other types of underlying collateral.”