Today p2c lending marketplace Unilend and Groupama Banque announce a partnership wherein Groupama Banque will lend directly 100 million euros to French small and medium enterprises through Unilend over the next four years. This is a first time ever partnership between a French bank and Unilend, a French p2p lending marketplace.
Bernard Pouy, CEO of Groupama Banque, said: â€œthis ambitious partnership will allow Groupama Banque to sustain the growth of French businesses all across the countryâ€. Nicolas Lesur, CEO and co-founder of Unilend, added: â€œthis is a key milestone for Unilend, the marketplace lending industry and the financial sector more generallyâ€.
Through Unilend, Groupama Banque will have the opportunity to lend money directly to the businesses of its choice alongside Unilendâ€™s lenders. Groupama Banque, a subsidiary of mutual benefit insurance company Groupama, counts 536,000 clients all across France. Groupamaâ€™s values are social responsibility, proximity and solidarity and â€this partnership with Unilend is just another illustration of these valuesâ€, according to Sylvain Burel, in charge of Groupamaâ€™s communication.
Unilend has originated 7.5M EUR of loans since inception in December 2013 from 3,000 registered lenders.
Victory Park Capital to lend 150 million GBP via AssetzCapital
In a similar arrangement announced today, US private equity company Victory Park Capital will lend 150 million pound via AssetzCapital marketplace in the next 5 years.