Lend has raised 5.5 million francs in a series B financing round, as was reported in a press release from the TX Group. The media company was a lead investor in the round. Other investors included PostFinance and the Geneva venture capital firm Alpana Ventures.
Lend was founded in Zurich by Florian Kübler and Michel Lalive d’Epinay in 2015. The company offers a digital platform that is a direct channel for loans between borrowers and investors, avoiding the use of banks as intermediaries. Borrowers have so far applied to Lend for loans amounting to over 1.3 billion francs.
“Through Lend, we are offering simple and efficient financial services for everyone. By doing so, we aim to change the status quo and turn the financial world into a fair and supportive environment,” explained Kübler in the press release.
The TX Group above all wants to further strengthen its fintech portfolio with this investment. It now also has a member on the Lend Board of Directors.