Fvndit secures $30m debt financing for its Vietnamese P2P lending marketplace eLoan

REUTERS/Dado Ruvic

US- and Vietnam-based fintech company Fvndit has raised $30 million debt financing led by private debt investor Accial Capital and Variant Investments, an innovator in alternative income investing.

Fvndit (pronounced “Fund it”), which is backed by the US diversified holding company Vemanti Group, will use the proceeds for its peer-to-peer (P2P) lending marketplace eLoan JSC (eLoan), to “further solidify and propel its business as the market-leading SME-focused funding platform in Vietnam”, it said in a statement.

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