# ID Finance and Da Vinci Capital launch $200m fintech fund Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2017-08-04 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: FinTech Credit Fund: Affordable Debt Financing for Scaling Meta Description: Fast financing approval within four weeks. Support the next unicorn companies in alternative lending. Huge opportunity to scale with $200m fund. URL: https://financedigest.com/id-finance-and-da-vinci-capital-launch-200m-fintech-fundhtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/img3918-1029-1736843618045-compressed.jpg) FinTech Credit Fund to provide affordable debt financing for scaling fintechs Financing available within four weeks following approval from the Fund Huge opportunity to support the next unicorn companies of tomorrow focused on alternative lending ID Finance, the [emerging markets](https://www.financedigest.com/analysis-after-sanctions-barrage-russias-emerging-market-allies-explore-workarounds.html "Analysis-After sanctions barrage, Russia’s emerging market allies explore workarounds") fintech company, has joined forces with former Elbrus Capital fund manager Yuri Popov and asset management company Da Vinci Capital to launch FinTech Credit Fund, a $200m debt finance fund aimed at financial technology companies with a focus on alternative lending. FinTech Credit Fund will offer debt finance to companies looking to scale and will cover loans to the companies themselves, as well as financing of their [loan portfolios](https://www.financedigest.com/alpha-bank-to-sell-bad-loan-portfolio-to-fortress-and-davidson-kempner.html "Alpha Bank to sell bad loan portfolio to Fortress and Davidson Kempner"). The duration of the agreement will range from six months to three years. “The vast majority of money going into [fintech is chasing a small number of well-known startups](https://www.financedigest.com/the-future-of-fintech-startups-driving-innovation-and-investment.html "The Future of Fintech Startups: Driving Innovation and Investment"). There are many more high quality fintech companies all over Europe, some of which are performing extremely well, that are seeking capital to scale,” comments Boris Batine, Co-Founder and CEO at ID Finance. “We see a huge opportunity to support these companies while providing a superior risk [adjusted return](https://www.financedigest.com/uber-could-post-first-adjusted-profit-this-quarter-as-ride-demand-returns.html "Uber could post first adjusted profit this quarter as ride demand returns") to investors.” The Fund will initially focus on projects within the CIS and [European markets](https://www.financedigest.com/adnami-continues-its-european-expansion-by-introducing-new-partnership-with-largest-pan-european-online-car-market-autoscout24.html "Adnami continues its European expansion by introducing new partnership with largest pan-European online car market AutoScout24"). Funding will be provided to companies involved in consumer and SME lending, and both [balance sheet](https://www.financedigest.com/ecb-policymakers-back-jumbo-rate-hike-differ-on-balance-sheet-cut.html "ECB policymakers back jumbo rate hike, differ on balance sheet cut") and marketplace (p2p) lenders will be eligible. Projects offering analytical solutions for credit scoring based on Big Data, AI and machine learning, as well as SaaS and PaaS solutions and [payment services are of particular interest to the Fund and align with the investors’](https://www.financedigest.com/investors-brace-for-rough-ride-as-evergrande-faces-payment-deadline.html "Investors brace for rough ride as Evergrande faces payment deadline") areas of expertise. [Investment decisions will be made following assessment of a number of criteria including:](https://www.financedigest.com/true-operational-resilience-must-include-investing-in-esg.html "True operational resilience must include investing in ESG") a company’s creditworthiness, the strength of their business model and technology, the quality of their loan portfolios, and risk and revenue potential. “ID Finance and Da Vinci Capital will provide a solid [investment process and infrastructure for the Fund as well as access](https://www.financedigest.com/the-rise-of-fractional-investing-accessing-high-value-assets-with-small-budgets.html "The rise of fractional investing: accessing high-value assets with small budgets") to our broad network of institutional and private investors. Our expertise in [fintech](https://www.financedigest.com/brexit-the-risks-to-the-city-and-fintech-have-never-been-greater.html "BREXIT: THE RISKS TO THE CITY AND FINTECH HAVE NEVER BEEN GREATER") and alternative lending at an international level will also help to reduce credit risks,’” added Oleg Zhelezko, Managing Partner, Da Vinci Capital. ID Finance is one of the fastest [growing and fastest moving online lenders globally](https://www.financedigest.com/the-global-digital-label-printing-market-will-grow-at-a-significant-cagr-throughout-2020-2030.html "The Global Digital Label Printing Market Will Grow At A Significant CAGR Throughout 2020-2030"). The balance sheet lender was founded in Russia in 2012 and has rapidly expanded into Kazakhstan, Georgia, Poland, Spain and Brazil. “The [alternative lending market](https://www.financedigest.com/meat-alternatives-market-expectations-growth-trends-highlighted-until-2031.html "Meat Alternatives Market Expectations & Growth Trends Highlighted Until 2031") is worth a potential $2 trillion and we see a huge opportunity to back the billion-dollar companies of tomorrow focused on digital lending,” continues Alexander Dunaev, Co-Founder, ID Finance. --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---