London-based Lenderwize has closed a Series E1 round of funding with a €100 million investment from Fasanara Capital.
The fintech provides embedded finance via a digital marketplace in the telecoms sector.
Lenderwize says it will use the new capital for international expansion. This will include launching operations in France, Germany, Spain and the US during 2022.
Fasanara is an investor in fintech lending in Europe, with a core focus on corporate receivables and working capital financing.
Founded in 2016, Lenderwize provides finance to help telecom companies solve cash flow problems. It enables investors to acquire digital commodities – including voice, data and digital content – from providers by buying their invoices.
Its clients include telecom wholesale operators in voice, SMS and data, mobile operators, digital content suppliers, direct carrier billing aggregators and video streaming providers.
Lenderwize’s platform provides investors with proof of service by sharing characteristics for each commodity such as call duration, origin, destination and cost. It verifies this data in real-time to validate the services rendered on each invoice.