Avellinia Capital partners with British Business Bank to fund UK fintech lenders

Avellinia Capital (AvCap), a private credit investment firm specialising in asset-based financing, has announced a new partnership with the British Business Bank aimed at increasing funding to UK FinTech lenders and asset originators. The collaboration is expected to unlock greater access to capital for hundreds of smaller businesses across the UK.

The first recipient of this funding will be Triver, a FinTech lender focused on providing flexible finance to SMEs. The partnership marks the first deployment under a new strategic initiative by the British Business Bank to support fund managers investing in early-stage FinTech lenders—an area that continues to face a shortage of institutional funding.

*Left to right: Matthias Dux and Julian Schickel, founding partners of Avellinia Capital*

“We are pleased to partner with British Business Bank, a recognised leader in supporting UK businesses,” said Matthias Dux, Founding Partner at Avellinia Capital.

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, also a Founding Partner at Avellinia Capital, further highlighted the significant opportunity this partnership creates for UK FinTech, “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.”