The French peer-to-peer lending platform Lendix has launched a fund aimed at European and Spanish SMEs with a target of €200m, thus doubling the €90m fund the company closed in July 2017 after it funded around 250 companies.
The European Investment Bank (EIB) and companies including CNP Assurances, Eiffel IM, Groupama, Zencap AM, and Matmut are already committed to give the fund €120m from its target of €200m.
Thanks to these investment vehicles, Lendix aims at funding SMEs through loans – that will start in February – ranging between 30,000 to €5m.
The founder of Lendix, Oliver Goy, said: “This new commitment of the main institutional investors will increase the capability of Lendix to support more than 600 small and medium-sized companies in their development”.
Patrick de Nonneville, head of operations of Lendix, highlighted: “We are particularly proud of having for first time Spanish and Italian investors’ support as this strengthens our European roots.”
Lendix is an online marketplace for business loans enabling investors to lend directly to prime small and medium sized enterprises (SMEs), which started operating in France in 2015.