Bergamo, Italy-based peer-to-peer lending platform EvenFi has announced the close of a funding round that culminated in numbers north of €2.2 million. The fresh dosh is aimed at supporting the continued growth of the startup alongside new market expansion plans, both running in tandem with further development of its product lineup. Including this round, the Italian startup has raised approximately €3.7 million.
The €2.2 million+ round was led by Pacific Capital Partners via its Spanish-based investment affiliate Iberifi Ventures S.L. and included participation from the company’s investor community. Peer-to-peer lending to fund the peer-to-peer lender. Clever.
"We are thrilled to have the support of Pacific Capital Partners and our investor community as we continue to grow and innovate," said EvenFi CEO Diego Dal Cero. "This funding will allow us to significantly expand our reach and bring our innovative products to even more customers."
Evenfi offers traditional loans, equity loans, and bond loans ranging from €35,000 up to a maximum of €5 million with a variable duration spanning anywhere from 4 to 60 months. For certain types of short-term loans, i.e. bridging loans, the amounts are smaller, and the duration is usually less than 12 months. All sans personal guarantees.
"EvenFi's ability to find attractive and sustainable projects within the region offers its clients an incredible opportunity to enhance investment opportunities with attractive returns, while maintaining a diversified portfolio across different geographies, industries and maturities. This competitive advantage has allowed EvenFi to achieve amazing growth in recent quarters, expanding its operations to different segments and products,” concluded Enrique Lanata, Director of Strategy and Planning of Pacific Capital Partners.