BCI Finance (via the fintech-focused BCI Credit Opportunities Fund) and Ferovinum are pleased to announce the launch of a new funding facility to enable Ferovinum to materially increase the scale of its support for the wine and spirits industries. 

Ferovinum provides capital against wine and spirits inventories, using its tech platform to enable customers to upload inventories to access funding, manage their stock holdings and supply chain logistics, and manage cashflows associated with trade receivables. 

This innovative solution to alleviate the capital and logistical burden of inventory-intensive industries was the perfect fit for fintech specialist lender BCI Finance. 

BCI Finance Managing Director Sam Kemp comments, “At BCI Finance, we are passionate about working with truly innovative lending businesses that are on a mission to disrupt their industries. We believe that the Ferovinum platform has the ability to modernise an antiquated, fragmented global supply chain, while levelling the playing field in enabling smaller and independent producers to access funding in a way that had previously been the privilege of select larger players. We’re delighted to be supporting Ferovinum and to be deploying capital into its sector, and we look forward to continuing to work with the business as it moves through the next phases of its growth.” 

This facility has been setup to bridge into Ferovinum’s upcoming multi-tranche facility and will support senior lending for Ferovinum’s next £100m of capital deployed into wine and spirit supply chains. 

Ferovinum’s Mitch Fowler added, “BCI Finance were extremely impressive to work with. They immediately understood our business model and worked with us to design a bespoke financing package to support our rapidly growing customer book. The process was quick and efficient from start to finish and BCI has the scale and flexibility to continue to support our rapid growth profile.”