smava.de Raises €4M; Invests in prestiamoci.it
smava.de, a Berlin, Germany social lending site, recently raised approximately €4m in funding.
Backers included Earlybird and Neuhaus Partners, and Italian Banca Sella.
The company is using the capital to further expand in Germany and abroad. In conjunction with the funding, smava.de has made an investment in prestiamoci.it, an Italian P2P lending site.
Founded in 2005 by CEO Alexander Artopé, Smava operates a marketplace that enables borrowers and lenders to contact each other directly without going via commercial banks. To date over more than 15,000 investors and 6,000 borrowers have used the service.