Small business P2P lender Lendix has announced expansion to Italy; based in Paris the Italy expansion follows expansion to Spain in 2016; Lendix has hired Sergio Zocchi who will be the CEO for the new Italy business based in Milan; as of December 31, 2016 Lendix had originated 57 million euros ($61.01 million) in loans; it is also rumored that the firm plans to continue its expansion across Europe in 2017 with a new office potentially opening in the UK. Source
Bpifrance has invested in a co-financing fund managed by the Lendix platform; the investment from Bpifrance brings the fund's investments to EUR90 million; the fund invests in loans for French and European companies borrowing on the Lendix platform. Source
Marketplace lending data analytics provider AltFi Data has partnered with Lendix and will incorporate the lender's data on its analytics platform; AltFi Data is a leading performance data provider for the marketplace lending industry providing a single methodology for calculating platform performance across all lenders; its data reporting includes a range of attributes and data points including net returns, benchmark comparisons, originations, lending rates and charge-off rates. Source
European marketplace lender Lendix will offer loans to Italian SMEs; the platform will now support peer-to-peer loans from EUR30,000 ($32,175) to EUR2 million ($2.1 million) for Italian businesses; Lendix has originated a total of over EUR70 million ($75 million) in business loans from borrowers in France and Spain. Source