SCIO Capital, the London-based specialist in European private asset-based credit, has signed a new £10,000,000 revolving facility agreement with Adsum Technologies, a leading fintech provider of short-term working capital loans.
Jason Harris, Chief Risk Officer at SCIO Capital, said ‘We are delighted to be working with Adsum to help them provide quick and socially-responsible liquidity solutions to smaller UK businesses often overlooked by traditional high street banks, and look forward to supporting them as they continue to grow and expand.’
The new partnership will accelerate Adsum’s ability to meet growing demand from corporate borrowers who value the savings and efficiencies that technology brings which traditional banks struggle to offer.
SCIO’s European private asset-based credit strategy operates in a niche market segment. SCIO considers ESG factors and is a United Nations PRI signatory.