Tagged: matthias knecht

Berlin based BNPL Billie Raises $100 Million at $640 Million Valuation

Berlin-based BNPL (Buy Now Pay Later) Billie has raised $100 million at a $640 million valuation according to a note from the Fintech. Simultaneously, Billie said it had received refinancing lines of $200 million per month. The capital will be provided by a consortium of German… Read More

Funding Circle Germany Takes a Fresh Start

  Germany is a huge SME and VSME (very small business) credit market. But it is not as mature a market for online marketplace lending as the UK, the US, or even the Netherlands. This partly explains why Funding Circle Germany’s early loan book underperformed…. Read More

Knecht Gives Funding Circle Update; Mullane Joins Business Development Team from Barclays

Neil Mullane has joined Funding Circle’s business development team after heading Barclay’s  business and corporate banking, supporting small businesses with a £250,000 to £25 million turnover. Mullane brings eight years of experience in commercial finance, and will play an active role in continuing to build the intermediary channel. “It’s an… Read More

Brief: Funding Circle SME Income Fund is Lending to Business in Europe

The Funding Circle SME Fund was listed on the London Stock Exchange in the fall of 2015 having raised £150 million. The permanent capital vehicle is now lending to small business in Germany, the Netherlands and Spain.  The fund had previously commenced lending to UK… Read More

Funding Circle Appoints Jörg Asmussen as New Board Member

Funding Circle announced on Wednesday that former executive board member of the European Central Bank (ECB), Jörg Asmussen, will join its board. This announcement reportedly marks another important step for the company as it strengthens its leadership position in marketplace lending globally Jörg Asmussen is… Read More

Quotes From #LenditEurope: About China’s 2,000 Lending Platforms & More

Part II: Seen & Heard at Lendit Europe If you missed attending Lendit Europe, you missed a great event. You can catch up on a selection of presentations on Lendit . For short skimming, we’ve selected a few thought-provoking quotes from day 2. You may also… Read More

Zencap Gets Big Boost with €230 Million Investment from Victory Park Capital

Victory Park Capital (VPC) announced today it is investing up to €230 million in loans originated on the Zencap platform over a 3 year period.  German publication Handelsblatt called the investment “a record deal for a German startup” and “the most ever for a continental… Read More

Send this to a friend