From Yahoo Finance: 2025-06-12 10:38:00

Investment firm Carlyle Group and Citigroup have teamed up to provide asset-backed financing to fintech lenders. The rise of fintech lending has traditional financial institutions seeking exposure to the sector. Fintech lenders are turning to investment firms for capital as demand from borrowers surges. Asset-backed financing is a rapidly growing segment of the private credit market, securing lending with a pool of assets. Citi also has a $25 billion private credit partnership with Apollo.

Read more: Carlyle teams up with Citi to invest in fintech lenders