Prêt d’Union Raises 31M EUR

pretdunion-logo-2015French p2p lending marketplace Prêt d’Union has announced a capital increase of 31 million EUR subscribed by new investors, including Eurazeo and Pierre Kosciusko-Morizet, as well as its historical shareholders. The total funding since its commercial launch in December 2011 has thus to €50 million. This new fundraising will be used to accelerate its international launch, scheduled for early 2016. Alongside its founders, employees and business angels, Prêt d’Union welcomes Eurazeo as a new shareholder, which joins a solid consortium comprising Crédit Mutuel Arkéa, Schibsted (shareholder in France of the website), AG2R La Mondiale, Weber Investissements (holding company of the founders of Financière de l’Echiquier) and Kima Ventures, the investment fund of Xavier Niel and Jérémie Berrebi.

Prêt d’Union is currently the first and only internet peer-to-peer lender to be certified as a ‘credit institution and investment service provider’ by the Autorité de Contrôle Prudentiel et de Résolution (French Prudential Supervisory Authority).

With loans of €200 million granted in just over 3 years, we have achieved a lending rate of 15 million EUR per month or an average monthly growth rate of 6%. This new fundraising, which was widely oversubscribed, marks a new growth phase for Prêt d’Union. It will enable us to commence our European expansion and pursue our growth in France, through numerous hirings, the launch of innovative technology projects, mainly involving Big Data, and ongoing investments in customer experience”, explained Geoffroy Guigou and Charles Egly, Prêt d’Union co-CEOs.

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