The small business finance sector appears to be growing faster than ever, as demonstrated by Everline and ezbob‘s announcement that they have received a £30 million investment from funds managed by Oaktree Capital Management.
These funds will provide additional capital to allow Everline and ezbob to refinance existing debt, accelerate their growth and provide loans to thousands of U.K. small businesses.
Tomer Guriel, CEO of Everline and ezbob, said: “I’m proud that Oaktree has chosen our company as their first business e-lending investment in Europe. This transaction represents an endorsement for our vision for Everline and ezbob. We look forward to partnering with Oaktree to continue developing and growing our business“.
The company has already provided 6,000 loans to small and medium-sized enterprises and are growing in excess of 200% per annum. ezbob acquired Everline, a fellow small business lender, in February 2015 to create the U.K.’s biggest business e-lender. Since that time, the company has announced a partnership with Alibaba, as well as the first loan guarantee agreement in the U.K. with the European Investment Fund (EIF) under the EU programme for the Competitiveness of Enterprises and Small and Medium-sized Enterprises (COSME) to the value of £40 million.
