iBondis, a London, UK-based online p2p leinding platform for SMEs, closed a venture capital funding round of undisclosed amount.
The round was led by Run Capital, with participation from an unnamed institutional investor and an international angel.
The company intends to use the funds to expand the service in Europe, mainly in Italy and Germany, grow the team, continue to develop the platform.
Led by Christian Nothacker, CEO, and Alex Riesenkampff, CCO, iBondis operates a p2p lending platform dedicated to serve the needs of European SMEs, which features an automated rating system to assess the risk of borrowers and allows investors to lend small amounts to many companies in order to achieve diversification.
The company was recently authorized to operate by the Financial Conduct Authority (FCA).