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Crowdlending platforms receive funding: Spotcat, Zank and Prosper.


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BY : Diego GutiérrezMay Wed, 2015
In the last year, crowdlending platforms have become very popular, and in Spain it is the type of crowdfunding that has grown the most. In Spain the sector is led by the pioneer Comunitae with more than €17m lent. In March, two Spanish crowdlending platforms, Spotcat and Zank, received funding and in April the American platform Prosper received $160M. 

Comunitae opens confirming for SMEs based on p2plending

Comunitae as a pioneer in the sector in Spain, has opened a line of confirming. As we are used to, Comunitae, which was already the first to open a promissory note discount line for SMEs, now opens the way with this confirming line that allows companies to offer suppliers a form of collection without the need to consume risk lines. 

crowdlending

 

Spotcap closes its second round for €5M

The UK fund Kreos capital has invested €5M in Spotcapthe online credit platform that facilitates fast and flexible financing for SMEs and 100% online.

The objective of this round is to finance the corporate credit line business as well as its international expansion.

"The Madrid and Berlin-based company had previously closed a €13M round with investors such as German crowdfunding platform Rocket Internet, industrial group Access Industries and Holtzbrinck Ventures," says Diego Gutierrez from Abra-Invest.

Zank closes a €245,000 round

The platform of crowdlending Zankhas received a €245,000 funding round through crowdfunding platform Crowdcube, becoming the first crowdlending platform to be funded through a crowdfunding platform.

The round involved 70 private investors who acquired 17 % of the start-up's capital. Among the investors, the following stand out ESADE BAN, ESADE's business angels network, for having made the highest contribution, €60,000.

Zank was created twelve months ago thanks to the Plug and play accelerator. During its first year, lenders have achieved an average net return of 9% through the more than €350,000 they have lent on Zank; in 2015, it plans to reach €1.5 million in intermediated loans and, over the next five years, to exceed €30 million.

Prosper receives round of $160M

 ProsperThe leading crowdlending platform has just received $160M from banking lin liners such as Spain's BBVA, the Swiss Credit Suisse or the American JPMorgan.

These investors join other well-known shareholders in the company, such as the Sequoia CapitalDraper (DFJ)Accel, Accel, Blackrock, Breyer Capital, Eric Schmidt (Google) and Pierre Omidyar (eBay) who together have invested more than $250M.

The new round of investment comes in order to strengthen its solvency ratios (due to the increase in loans and their corresponding write-offs) after the boom in the sector.

"Already in 2013, the BBVA team saw crowdfunding as an alternative to its business that had to be taken into account. Although until now it had not invested in a lending platform of this type," says Diego Gutierrez.

 Other posts that may interest you

Crowdlending is winning market share from banks

P2P lending news

 

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