EZBob Limited has secured a three-year £25m debt funding facility from Shawbrook Bank and Honeycomb Investment Trust (Pollen Street Capital Limited – Investment Manager).
The firm trades as business e-lenders Everline and EZBob.
This latest funding follows the close of its Series C investment round in March, with a £20m equity from Bank Leumi, and existing investor, Oaktree Capital Management L.P.
Having already provided over £100 million and over 8,500 loans to small businesses in the UK, this new round of funding will allow EZBob Ltd. to open up lending to more UK SMEs.
Tomer Guriel, CEO 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.”
Michael Katramados from 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.”
Lindsey McMurray of Honeycomb Investment Trust, said: “We have known the team and the business for a number of years and are excited about the opportunity to support them in their next phase of growth.
“We have been impressed by both the team and their technology platforms and believe it puts them in a strong position to support UK SMEs, a sector that many lenders have retrenched from in recent years.”