Estonian peer-to-peer (P2P) lending platform Investly has successfully secured its initial £500,000 funding target through Seedrs. The equity crowdfunding round has so far attracted more than 375 investors.
As previously reported, Investly reportedly provides an invoice finance platform that allows users to upload invoices and get them paid with the best rates at a faster pace. The lending portal stated it helps European businesses finance their 30-180 day invoices on an easy to use marketplace that brings them the best price from multiple providers. While sharing details about the online lender’s growth and development, Investly CEO Siim Maivel recently revealed:
“This is a new era for banks, so they’re interested in developing strategic partners in every possible business niche to ensure they maintain their place in the new supply chain. Our aim is to become one of these invaluable partners, which would enable us to significantly increase our business volumes whilst providing their SME customers a flexible product within their bank. We are delighted that Calum has joined us to help realise this vision, and we look forward to taking the business to the next phase of its journey with this investment round on Seedrs.”
Funds from the Seedrs round will be used to accelerate partnerships and integrations with banks. Investors from earlier rounds include the international risk capital fund Speedinvest, which has also invested in various fintech companies, including Holvi, n26, Curve, Loot and Iyzico. The campaign is currently set to close at the beginning of spring.
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