European fintech company Novicap raises 200 million euros from Fasanara Capital

PARIS (Reuters) – European financial technology company Novicap said on Tuesday it had raised a 200 million euros ($211 million) debt facility from London-based asset manager Fasanara Capital, allowing it to accelerate its growth.

Novicap said the latest funding agreement with Fasanara implied an additional capacity of over 1 billion euros of financing volume per year for Novicap.

($1 = 0.9480 euros)

(Reporting by Sudip Kar-Gupta; Editing by Tom Hogue)