Fox Williams advised Koyo Loans on securing a debt facility from Atalaya Capital as part of its $50 million debt and equity funding. Fox Williams had also advised the company on previous debt funding transactions.

Koyo Loans provides personal loans to customers using Open Banking data to make its lending decisions instead of relying on credit agency scores, allowing it  to lend to borrowers with thin credit files. The debt funding deal will allow the company to grow its consumer loan book and expand its operations.

The Fox Williams team was led by Head of FinTech, Jon Segal and included FinTech and alternative finance Associate Bhavin Bhatt, corporate Partner Hannah Elliott and Cristiana Mitrofan.

Jon Segal said: “We’re delighted to have secured the debt facility for Koyo and that this will allow them to continue to grow their business. This is just the latest in a line of funding transactions we have advised on for FinTechs. In the last year alone, we have helped a number of lenders secure funding lines from European and US Debt Funds, as well as European banks.”

Thomas Olszewski, founder and CEO of Koyo Loans, said: “’We had a great experience with Fox Williams who helped close our first major institutional funding line providing the capital we need to grow our business. We have been working with Fox Williams since Koyo’s inception and have been impressed with their knowledge of the sector”.

Atalaya Capital was advised by Travers Smith and Reed Smith advised the Mezzanine Lenders.


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