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Lendix announces a new €32 million financing round for its European development

The #1 SME lending platform in Continental Europe announces today the completion of a new €32 million financing round to continue its expansion. This financing is provided by Idinvest Partners, Allianz France and CIR S.p.A. (a listed holding company of the De Benedetti family) as well as the existing investors. 

Lendix announces today a raise of 32 million euros supported by all its existing shareholders (Partech, CNP Assurances, Decaux Frères Investissements, Matmut, …) and 3 major new investors:

  • Idinvest Partners, the European leader in financing the growth of SMEs with 8 billion euros in assets under management;
  • Allianz, the European leader in insurance
  • CIR S.p.A., an Italian company listed in Milan and majority owned
    by the De Benedetti family

The new investors will join the Lendix Supervisory Board.

“We are delighted with this European round of financing, which will enable us to pursue our ambition of creating a leader in SME lending in Europe,” said Olivier Goy and Patrick de Nonneville, managers of Lendix.

“We were convinced by Lendix’s pan-European approach and its ability to meet the challenge of internationalisation in a business that is still very local”, adds Matthieu Baret, partner of Idinvest Partners.

“This participation illustrates our commitment as an institutional investor in innovative business models and in financing the real economy. Lendix is an innovative solution for SMEs in France, Germany, The Netherlands, Italy or Spain. These are all markets where Allianz supports the development of companies. We share a common desire to use technology to facilitate the daily lives of entrepreneurs” explains Julien Martinez, Director of Strategy, Innovation and Mergers and Acquisitions at Allianz France.

The fintech Lendix aims to be fully active in 5 European countries (France, Spain, Italy, Netherlands and Germany) by the end of 2018 and 7 by the end of 2019.