Online Lender Ezbob Boosted After £30m Fundraising
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.
Combined, Everline and Ezbob have created the largest alternative small business e-lender, and the brands sit under umbrella group Orange Money.
The companies have provided 6,000 loans to small and medium-sized businesses totalling more than £55m. Wonga sold Everline in February as part of a restructuring to focus on its consumer lending business.
Read the full article on the telegraph website here.