Defacto gets new credit facility to provide instant financing to small companies

French startup Defacto has closed a new securitization fund that will be used to provide short-term loans to small and medium enterprises via an embedded, API-first approach. This is a new fund of up to €167 million ($183 million) with Citi and Viola Credit acting as the lenders.
This is significant news for the startup as it means that it will have more capital to deploy, which will eventually generate more revenue.
As a reminder, Defacto wants to offer credit products using an API in the fintech products that you already use. With this embedded finance strategy, Defacto can leverage the cust

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