Menu visibility control

Video

Events

Startup Surgery

Most Recent

Investments

Loyalty card app Bink closes £2m Seed

Investments

Marvel raises £4m Series A round led by BGF Ventures

News

SoftBank’s allocation of half its $100bn investment fund spells bad news for UK tech

Press Releases

ArcaPay – New name in the international B2B payments space
Global FinTech PR Network launched
TestPlant appoints experienced EMEA sales leader

E-lending platform EZBob raises £20m in Series C funding

UCL money funding
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

E-lending platform EZBob Ltd has raised £20m in Series C funding in a round led by Leumi Partners and Oaktree Capital Management.

According to statement, the company will use the new funds to increase its lending capacity and continue to develop its technology platform.

Tomer Guriel, CEO and co-founder of EZBob, said: “Raising investment from a leading global bank in digitalisation and an active investor within tech is proof of our game-changing technology and unique approach to business lending. This latest investment will further accelerate our growth plans and enable us to continue to develop our proprietary business lending platform to address more of the UK’s business lending needs.

Startup Weekly: Cambridge gets £20m innovation hub, Pitch@Palace goes to Sheffield & more

“Oaktree’s additional investment is an endorsement of the management team, the business’ scalability and the appetite for a fresh approach to business finance in the UK.”

Leumi Partners is the investment arm of Bank Leumi, one of Israel’s biggest banks with a history of investing in technology.

Professor Danny Tsiddon, chairman of Leumi Partners and Leumi Group deputy CEO, added: “This is Leumi’s first major investment in FinTech outside of Israel.

“Business e-lending is rapidly growing around the world and is attracting global banks, who see its potential and allocate more and more resources towards it. It is only natural that a bank which specialises in Israeli high-tech and spearheads innovation has chosen to invest in this leading FinTech start-up,” concluded Tsiddon.

Enter your e-mail address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

shopping

Loyalty card app Bink closes £2m Seed
posted 3 hours ago

Marvel

Marvel raises £4m Series A round led by BGF Ventures
posted 3 hours ago

Donald Trump

SoftBank’s allocation of half its $100bn investment fund spells bad news for UK tech
posted 13 hours ago

partnership

Blockchain startup Setl scores funding from Deloitte
posted 16 hours ago

investing

November funding roundup: UK tech investment falls 54%
posted 16 hours ago

agreement

Host Europe Group to be acquired by GoDaddy in €1.69bn deal
posted on December 6, 2016