French p2p lending marketplace PrÃªt dâ€™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 â‚¬50 million. This new fundraising will be used to accelerate its international launch, scheduled for early 2016. Alongside its founders, employees and business angels, PrÃªt dâ€™Union welcomes Eurazeo as a new shareholder, which joins a solid consortium comprising CrÃ©dit Mutuel ArkÃ©a, Schibsted (shareholder in France of the Leboncoin.fr website), AG2R La Mondiale, Weber Investissements (holding company of the founders of FinanciÃ¨re de lâ€™Echiquier) and Kima Ventures, the investment fund of Xavier Niel and JÃ©rÃ©mie Berrebi.
PrÃªt dâ€™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 AutoritÃ© de ContrÃ´le Prudentiel et de RÃ©solution (French Prudential Supervisory Authority).
â€˜With loans of â‚¬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 PrÃªt dâ€™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 experienceâ€, explained Geoffroy Guigou and Charles Egly, PrÃªt dâ€™Union co-CEOs.