Stockholm based marketplace lending startup Lendify has raised a $14m funding round from new and existing investors, at a pre-money valuation of $80m.
Lendify, a Stockholm, Sweden-based company operating a marketplace online credit platform, announced in a press release closing a SEK 111.5M ($14M) investment round. The money comes from new and existing investors and values the company at SEK 650M ($80M), pre-money. The funding will be used for technical development and as equity in future bond issues. In October 2017, the company closed a SEK 100M debt funding round via a bond issue on its platform, which followed a similar SEK 200M round made in May 2017.