Avellinia Capital has announced a new partnership with the British Business Bank designed to expand funding access for UK FinTech lenders and asset originators. The collaboration is expected to benefit hundreds of smaller UK businesses by increasing the availability of working capital through FinTech channels.
The first recipient under the funding line will be Triver, a FinTech lender offering flexible finance to small businesses. The deal marks the British Business Bank’s first commitment to a new strategy of backing fund managers who support early-stage FinTech lenders, a group often underserved by institutional finance.
Matthias Dux, founding partner at Avellinia Capital, said: “We are pleased to partner with British Business Bank, a recognised leader in supporting UK businesses.”
Adam Kelly, managing director and co-head of funds at the British Business Bank, said: “The British Business Bank has been supporting the FinTech sector since 2013. Whilst the sector is one of the UK’s greatest strengths, there are limited institutional funders active in the early-stage FinTech market. By partnering with Avellinia Capital, British Business Bank will be able to support fast-growing FinTech lenders servicing the UK smaller business market by co-investing alongside Avellinia Capital’s fund.”
Julian Schickel, founding partner at Avellinia Capital, added: “By leveraging British Business Bank’s extensive market expertise and AvCap’s origination and structuring capabilities, we aim to expand funding solutions for UK FinTech lenders and, in turn, help a wide range of small and medium-sized enterprises access the capital they need to grow.”
The funding initiative aligns with Avellinia Capital’s broader strategy of providing asset-based financing and capital solutions across the UK market.
