Lendix lands big-name new investors in €32m fundraise

By Ryan Weeks on Monday 4 June 2018

Editor's PickAlternative Lending

Idinvest Partners, Allianz and CIR S.p.A. are now shareholders in the platform.

French marketplace lender Lendix has closed an equity fundraise – its first since raising €13.5m in a series B round in 2016.

The platform, which routinely positions itself as the top SME lending platform in Continental Europe, has added a trio of major new investors.

The first is Idinvest Partners, a European mid-market private equity firm with close to €8bn under management. Insurance giant Allianz and CIR S.p.A. – a listed Italian firm majority owned by the De Benedetti family – are the other new investors in the round. All of Lendix’s existing shareholders also participated.

Lendix aims to be ‘fully active’ across 5 European markets by the end of this year – and 7 by the end of 2019. The firm recently hired a new local chief executive to lead its Dutch arm.

It has also seemingly established itself as the distribution partner of choice for the European Investment Bank, having recently clinched another €200m in lending capital via its investment arm, the European Investment Fund.

“We were convinced by Lendix's pan-European approach and its ability to meet the challenge of internationalisation in a business that is still very local,” said Matthieu Baret, a partner at Idinvest Partners.

Lendix has lent a little shy of €200m to small businesses to date, according to AltFi Data’s market data page.


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