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German Online Loans Platform Smava Raises $16M

TECHCRUNCH: Here comes some more funding for a European financial tech company specialising in online loans. Germany’s Smava — a peer-to-peer lending platform where investors provide the funds to loan money to borrowers — has raised $16 million in funding led by Phenomen Ventures, along with existing investors Earlybird and Neuhaus Partners. Phenomen’s track record in fintech investments includes backing Prosper, the U.S.-based peer-to-peer lending marketplace. The investment takes the total raised by Smava to nearly $30 million. (more…)

Deals, Fintech news, news, p2p/online lending

April 22, 2015