Bpifrance has invested in a co-financing fund managed by the Lendix platform; the investment from Bpifrance brings the fund's investments to EUR90 million; the fund invests in loans for French and European companies borrowing on the Lendix platform. 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
European marketplace lender Lendix will offer loans to Italian SMEs; the platform will now support peer-to-peer loans from EUR30,000 ($32,175) to EUR2 million ($2.1 million) for Italian businesses; Lendix has originated a total of over EUR70 million ($75 million) in business loans from borrowers in France and Spain. Source
Marketplace lending data analytics provider AltFi Data has partnered with Lendix and will incorporate the lender's data on its analytics platform; AltFi Data is a leading performance data provider for the marketplace lending industry providing a single methodology for calculating platform performance across all lenders; its data reporting includes a range of attributes and data points including net returns, benchmark comparisons, originations, lending rates and charge-off rates. Source
