EZBob, which trades as business e-lenders Everline and EZBob, said the funding will be used to lend to more UK SMEs at more affordable rates.
EZBob has secured a £25m debt funding facility from Shawbrook Bank and Honeycomb Investment Trust.
EZBob, which trades as business e-lenders Everline and EZBob, said the funding will be used to lend to more UK SMEs at more affordable rates.
Tomer Guriel, chief executive and co-founder of EZBob Ltd., said: “Securing senior debt facilities from two leading UK financial institutions (Shawbrook Bank and Pollen Street Capital, through its HoneyComb Investment Trust) allows us to tap into a lower cost of capital funding, which we can then pass onto our customers to help support even more of the UK’s small businesses.
“Receiving this financial backing is also testament to the unique technology powering our proprietary automated lending platform and will enable us to accelerate our growth plans.”
EZBob received a £20m equity investment from Bank Leumi and Oaktree in March.
Michael Katramados, director of wholesale finance at Shawbrook Bank, added: “Shawbrook is a bank dedicated to financing UK SMEs.
“We have known EZBob Ltd. for quite a few years now and are pleased to once again assist a business that, like us, is keen to support small businesses in the UK.”
