Jenfi adds $2.5M mezzanine facility from ICU Ventures

Jenfi closed a $2.5 million mezzanine facility with existing investor ICU Ventures as the SME credit platform pushes deeper into Singapore and Vietnam. The deal strengthens Jenfi’s funding base after surpassing $100 million in cumulative SME financing across Southeast Asia.

Why it matters: - The new junior capital gives Jenfi more room to fund SME loans while relying less on a single source of capital. - The facility supports Jenfi’s push to scale credit growth in Singapore and Vietnam, two core markets for the company. - The deal signals continued investor confidence after Jenfi crossed $100 million in cumulative SME financing across Southeast Asia.

What happened: - Jenfi closed a $2.5 million mezzanine facility with ICU Ventures, an existing equity investor. - The announcement came on August 11, 2026. - Jenfi said the facility will sit alongside its existing senior funding arrangements. - The company framed the transaction as part of its next phase of SME credit growth.

The details: - Jenfi said the mezzanine facility will support new SME originations, improve senior capital deployment efficiency, and add flexibility as the financing portfolio grows. - The company has moved beyond its original revenue-based financing focus. - Jenfi now offers growth financing, working capital, and supply chain financing. - Since inception, Jenfi has completed more than 2,400 financings. - Jenfi has evaluated more than 30,000 SME financing inquiries across Southeast Asia. - The platform uses proprietary underwriting models, alternative data, and automated portfolio monitoring. - Jenfi operates across Singapore and Vietnam. - The company said the new structure combines senior institutional funding with mezzanine capital to create a more diversified funding base. - Jenfi said it is also expanding institutional capital relationships, embedded financing partnerships, and AI-assisted underwriting and portfolio monitoring. - More information is available at Jenfi's website. - Jenfi also shared its social media page on LinkedIn.

Between the lines: - ICU Ventures was already familiar with Jenfi’s business, technology, and operating track record through its equity stake. - The move from equity backing to credit capital suggests ICU Ventures sees Jenfi as more than a venture bet. - Jenfi’s comments point to a broader theme in SME lending: capital alone is not enough without underwriting, portfolio operations, and risk controls that can scale together. - ICU Ventures said Jenfi has strengthened its underwriting, expanded its financing solutions, and executed consistently across its core markets. - ICU Ventures also said SMEs across Southeast Asia remain underserved and that Jenfi is positioned to help close that gap with technology, local expertise, and institutional capital.

What’s next: - Jenfi plans to keep building institutional capital relationships. - The company also plans to expand embedded financing partnerships. - Jenfi expects to continue investing in AI-assisted underwriting and portfolio monitoring. - The company’s next goal is to support the next $100 million in SME financing and beyond.

The bottom line: - Jenfi is using new mezzanine capital to deepen its funding stack and scale SME credit more sustainably across Southeast Asia.