Lendix, a Paris, France-based P2P SME marketplace, raised €12m in venture capital funding.
Backers included Partech Ventures, CNP Assurances, MatMut and ZenCap AM.
The company, which has raised €30m in total funding to date, intends to use the funds to continue to expand operations in France and internationally aiming to grant over €50m in loans over the next 12 months on the French, Spanish and Italian markets.
In addition to the funding, Lendix acquired Finsquare, a short term loan specialist platform. Founded in 2014 by Polexandre Joly and Adrien Wiart, Finsquare has a community of 3,500 active lenders who have lent more than €4m since the launch. Following the acquisition, existing lenders will migrate to the Lendix platform, where they will have access to their existing loan portfolios and to new loan offerings.
Founded in 2014 by Olivier Goy, CEO, Lendix operates a Peer-to-Peer SME lending platform that, since its first loan in April 2015, has allowed about a hundred companies of all sizes to borrow loans ranging from €30k to €1m. To date, €17 million have been lent on the platform since early 2015.
FinSMEs
27/04/2016