Launched in February 2017, Mozzeno* is a Belgian platform through which private individuals can indirectly finance loans granted to other individuals and businesses.
You can read an interview with one of the Co-Founders here.
Funds were raised from existing shareholders such as the W.IN.G Fund, and also provided by Federale (Federale Verzekering / Assurance).
Frederic Dujeux, one of Mozzeno’s co-founders, explains: “Federale is a mutual cooperative insurer, and that specific structure was what sealed the deal for Mozzeno. With this cooperation, we welcome a major new shareholder who brings in experience and solid credibility in both investment and lending businesses. Moreover, Federale Verzekering’s positioning is perfectly aligned with Mozzeno’s collaborative model.”
Jean-Marc Mayeur, Chief Investment Officer at Federale, adds: “We have been monitoring Mozzenoâ’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.”
New resources to accelerate Mozzeno’s further growth
The funds that have been raised will be applied to bolstering Mozzeno’s financial foundation and accelerating development. The aim of the collaborative platform is to become a major player in the consumer and business lending market.
Xavier Laoureux, Mozzeno co-founder, adds: “Mozzeno is ready to step up as a major Belgian player in the area of digital lending, having already granted 2,000 loans totalling 15,000,000. The newly raised funds will enable us to target an even greater audience. Now we can take serious steps to increase our brand awareness. And in recent months we have significantly improved our IT systems and user experience. From now borrowers applying for a credit on our platform can link their bank accounts, a development that will make it much easier for them to prove their income and expenses.”
Mozzeno is also a community of more than 6,000 private investors. In order to provide them with a wide range of investment options and improve customer experience, Mozzeno has developed a series of service lines.
Services for businesses: a focus on lending-as-service
As much as before, mozzeno continues to provide services to businesses. It does so in part by providing its innovative technologies to other financial players, but also by creating opportunities for non financial businesses to create a lending or investment offer and fully outsource its operations to mozzeno.