Over the summer, Belgian startup mozzeno says it has raised €3 million from new and existing investors - including the W.IN.G Fund and mutual cooperative insurer 'Federale' - to bolster its collaborative financing platform, through which private individuals can indirectly finance loans granted to other individuals and/or businesses.
Launched in February 2017, the fintech startup says it has granted over 2,000 collaborative loans totalling around €15 million already.
Jean-Marc Mayeur, Chief Investment Officer at Federale, said:
"We have been monitoring mozzeno’s project for several months. In a domain that is so complex and subject to so much regulation, we are deeply impressed by their ability to consistently find innovative solutions. The success that mozzeno has achieved so far in the Belgian marketplace is a clear indication that it can continue the same rapid pace of growth in the coming months."