smava, a Berlin, Germany-based marketplace lender, closed a $34m funding round.
The round was led by growth investor Runa Capital, with participation from Verdane Capital and mojo.capital as well as existing investors Earlybird Venture Capital. In conjunction with the funding, Andre Bliznyuk, Partner at Runa Capital, and Hendrik Aspén, Partner at Verdane Capital, will join the advisory board of smava.
The company intends to use the funds to expand its customer base, hire additional talent and continue enhancing its scoring technology.
Led by Alexander Artopé, CEO and co-founder, smava is a marketplace lender which offers both bank-branded and funded third-party loans as well as loans which are funded by private individuals (P2P loans) ranging from 1,000 to 120,000 Euros.
To date, the company has originated more than $1.75 billion in loans through its marketplace platform.
It has more than 180 employees.