Avellinia Capital (AvCap) has announced a strategic partnership with the British Business Bank to increase funding for UK FinTech lenders and asset originators, aiming to improve capital access for hundreds of smaller businesses across the country.
The collaboration marks the first commitment under a new British Business Bank initiative designed to support fund managers that finance early-stage FinTech lenders — a segment the Bank describes as underserved by institutional capital.
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“Whilst the sector is one of the UK’s greatest strengths, there are limited institutional funders active in the early-stage FinTech market,” said Adam Kelly, Managing Director and Co-Head of Funds at the British Business Bank. “By partnering with Avellinia Capital, we will be able to co-invest alongside their fund and extend support to fast-growing FinTechs that service UK SMEs.”
The first funding line under the partnership has been allocated to Triver, a FinTech lender providing flexible working capital solutions to smaller enterprises.
Avellinia Capital, which specialises in asset-based financing and private credit strategies, sees the collaboration as a significant opportunity to close the funding gap in the sector. “We are pleased to partner with British Business Bank, a recognised leader in supporting UK businesses,” said Matthias Dux, Founding Partner at AvCap.
Fellow Founding Partner Julian Schickel added that by combining the Bank’s “extensive market expertise” with Avellinia’s structuring and origination strengths, the partnership is set to “expand funding solutions for UK FinTech lenders” and ultimately “help a wide range of SMEs access the capital they need to grow.”
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By GlobalDataThe move underscores AvCap’s continued focus on providing tailored capital solutions underpinned by deep credit market expertise.
