SellersFi gets $135 million credit facility via Citi and Fasanara

By William Gullotti

Buffalo, N.Y., Dec. 15 – SellersFi signed a new credit facility for $135 million with Citi and Fasanara Capital to further develop product offerings, portfolio expansion and technological infrastructure, according to a press release on Friday.

The facility may be expanded up to $300 million to accommodate business growth. The facility’s senior capital is provided by Citi with a portion from Fasanara, and the mezzanine capital is entirely provided by Fasanara.

Facility details, such as tenor and interest rate, were not disclosed in the press release.

SellersFi, formerly SellersFunding Corp., is a financial technology company focused on e-commerce funding, payment solutions and analytics.

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