Spanish p2p lending marketplace LoanBook announces a new partnership with Sage, provider of cloud accounting, payroll and payments software, to offer Sageâ€™s Spanish customers a direct, in-product channel to alternative finance.
As part of the collaboration, Sage will offer its SME and accountancy customers access to LoanBookâ€™s working capital loans, both in-product and within Sageâ€™s wider ecosystem, stating Sageâ€™s customers will benefit from a dedicated loan request portal enabling LoanBook to access customer data in order to improve the quality and speed of its loan underwriting.
Sage already has partnerships with other p2p lending marketplaces like Funding Circle and Marketinvoice.
James Buckland, CEO of LoanBook, commented: ‘We are excited to go a step further in our collaboration with Sage with a direct in-product integration. This partnership is based on the shared vision and commitment of Sage and LoanBook to support the SME community in Spain in becoming more competitive through improved access to finance and to innovative technology solutions.’
LoanBook has lent 21 million Euro to Spanish SMEs during the last 12 months and says it if providing a net annual return of over 5% for its investors.