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London’s Fasanara Capital secures £169m for fintech investing

Fasanara Capital

London-based asset manager and active fintech investor Fasanara Capital has secured $200m (£169.4m) from a Canadian pension fund.

Fasanara, which has previously invested in UK-based fintechs like Playter, Twig, and Storfund, holds around $3.5bn (£2.96bn) in assets.

The new funds will be deployed through its alternative credit strategy to provide loan investments to fintech firms.

“This capital will help bolster our portfolio companies, by providing them with the certainty that they can access a range of financial products, should they need them,” Fasanara Capital CEO, Francesco Filia, said.

“At a time when the wider capital market is experiencing such uncertainty, Fasanara’s portfolio companies know that they belong to an ecosystem which is strongly supported by some of the largest institutional investors in Europe and North America.”

Filia described the investment as “another major milestone for Fasanara”.

The asset manager did not disclose the name of the fund that provided the financial backing. It is understood to be one of Canada’s largest pension funds.

In May, Fasanara Capital launched a $350m (£296.5m) investment fund to target early-stage fintech and cryptoasset startups in Europe.

While the bulk of the firm’s assets is based in Europe, including the Italian buy now pay later unicorn Scalapay, the firm has ambitions to expand its position in the US.