Ferovinum Announces Natwest As Banking Partner

The completion of a £100 million deal has been announced today (19^th July) between fintech Ferovinum, NatWest and BCI Capital, which is set to transform the way banks and financial institutions deploy capital into the historically difficult-to-bank UK wine and spirits sector.

In the first deal of its kind, NatWest will lead portfolio funding arrangements for Ferovinum’s wine and spirits inventory finance platform, which leverages unique supply chain technology to enable more flexible and efficient funding for businesses within the sector.

It also provides banks and financial institutions with a more risk-managed and cost-efficient way to support the industry.

The £100 million deal comprises an £80 million phased transaction provided by NatWest, with the remainder being…