Online lender Ezbob boosted after £30m fundraising

Anat Mann | 28.04.2015

Ezbob has raised money from fund manager Oaktree, in a sign that non-bank lending is becoming more mainstream.

British internet lender Ezbob, which recently bought former Wonga business-lending arm Everline, has raised £30m from fund manager Oaktree, as alternative lending becomes more mainstream.

The £30m will be used to refinance existing debt and to increase its loan offerings to small businesses.

This major investment follows the announcement of ezbob’s pioneering partnership with Alibaba.com, as well as their loan guarantee agreement with the European Investment Fund with a value of £40 million.

Funding

Check these resources out too

Funding

Online lender Ezbob boosted after £30m fundraising

Check these resources out too

EU supports over EUR 50m for businesses in the UK following EIF and Orange Money (Ezbob) agreement

Alibaba enlists startups to provide UK trade financing

First Progress Microfinance agreement with internet lender Ezbob and the EIF

Ready to create