Prêt d’Union, a France-based P2P lending platform, raised €31m in its fourth financing round.
Backers included Eurazeo, Pierre Kosciusko-Morizet, and existing investors Crédit Mutuel ARKEA, SCHIBSTED, AG2R La Mondiale, WEBER investissement.
The company intends to use the funds to to continue to develop in France, begin European expansion (Italy in early 2016) and launch innovative technology projects, especially related to Big Data and continued investment in customer experience.
Led by CEO Charles Egly, Prêt d’Union provides an online platform to facilitate financial transactions between individual lenders and borrowers.
In over 3 years, the company has facilitated €200m of loans, a rate of €15m of credit granted per month, with an average monthly growth of 6%.
According to Egly, Prêt d’Union will be in at least 5 countries within the next 5 years.