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E-Lending Startup Ezbob Raises 15 Million GBP

The London-headquartered company offers small businesses online loans, automatically processed and approved on its website

Golan Hazani 14:3525.01.18

U.K.-based e-lending startup Ezbob IT Ltd. raised 15 million GBP from Moscow-based private equity firm Da Vinci Capital Management Ltd. at a post money valuation of 100 million GBP (circa $143 million), this person said.

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London-headquartered EZbob offers small businesses online loans, automatically processed and approved on its website. In addition to the EZbob brand, the company also offers loans under the brand Everline which it acquired in 2015. It employs around 40 people according to LinkedIn data in offices in London and in Herzliya, a city in the Tel Aviv metropolitan area. In 2015, EZbob raised 10 million GBP from Israel’s Bank Leumi and U.S. based investment firm Oaktree Capital Management L.P.

Ezbob co-founder and CEO Tomer Guriel. Photo: Amit Sha'al

Ezbob makes direct loans with a gross annual 20%-30% interest, demanding personal guarantees, unlike banks that require securities. Due to high risks, the company recently changed its strategy and by the end of 2016 shifted most of its business towards offering larger banking and investment companies access to its money lending technology, receiving royalty from approved loans.