Ezbob & Everline secure £30m investment
Everline.com and ezbob.com, the United Kingdom’s largest alternative small business e-lender, today announced that it has received a £30 million investment from funds managed by Oaktree Capital Management L.P. in the form of convertible debt.
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This transaction will provide additional capital to allow Everline and ezbob to refinance existing debt, accelerate its growth and provide loans to thousands of U.K. small businesses.
Tomer Guriel, CEO of Everline and ezbob, said:
“I’m proud that Oaktree has chosen our company as their first business e-lending investment in Europe. This transaction represents an endorsement for our vision for Everline and ezbob. We look forward to partnering with Oaktree to continue developing and growing our business, we have already provided 6,000 loans to small and medium-sized enterprises and are growing in excess of 200% per annum. We believe this transaction will further accelerate our growth and enable us to support even more UK small businesses.”
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