Extraordinary times call for extraordinary measures. The EU announced last week that it would suspend the Growth and Stability Pact....
Italian invoice trading platform Workinvoice has packaged 5 million euros ($5.31 million) worth of receivables financed through its platform in a securitization vehicle; the receivables portfolio was purchased by Italian portfolio manager Factor@Work; the securitization deal represents a new source of capital interest for the invoice receivables market. Source
Small business P2P lender Lendix has announced expansion to Italy; based in Paris the Italy expansion follows expansion to Spain in 2016; Lendix has hired Sergio Zocchi who will be the CEO for the new Italy business based in Milan; as of December 31, 2016 Lendix had originated 57 million euros ($61.01 million) in loans; it is also rumored that the firm plans to continue its expansion across Europe in 2017 with a new office potentially opening in the UK. Source
Businesses across Europe have reported vastly different experiences in their efforts to secure the financial support promised by their respective...
[Editor’s note: This is a guest post from Edoardo Matarrese and Roberto Condulmar of P2P Lending Italia an Italian language site focused on...