EFA, ODDO BHF, Smart Lenders AM and Pledg have launched the SLAM Cash Advance FCT fund. EFA and ODDO BHF have been selected by Smart Lenders AM to organise the launch of SLAM Cash Advance FCT (Fonds Commun de Titrisation). This fund aims at acquiring and financing receivables sold by Pledg, a French fintech in which ODDO BHF is a shareholder, for an amount of EUR55m. Smart Lenders AM will manage the fund, while ODDO BHF and EFA will act as custodian bank, administrator and accounting manager.
