Prêt d’Union, a France-based P2P lending platform, raised €10m in financing.
The round, which brought total funding to over €18m, was led by Schibsted Growth with participation from existing shareholders such as such as Credit Mutuel, Arkea, Kima Ventures, Weber Investissements, and AG2R La Mondiale. Following the investment, Marc Brandsma and Marine Desbans from Schibsted Growth will join the company’s supervisory board.
The company intends to use the funds to accelerate the development through innovative technological projects – big data and risk pricing, new recruitments and innovative offers for both lenders and borrowers.
Launched in October 2009 by Charles Egly, Geoffroy Guigou, Lionel Beaudet and Thomas Beylot, Prêt d’Union is a P2P lending platform which enables qualified investors with savings (individuals, foundations, companies, institutions, etc.) to fund personal consumer loans.
It has obtained a credit institution license and a broker licence from the French Central Bank. To date, it has facilitated €47m of loans over the last 22 months and €35m from January to October 2013.