Partech backs 123Venture-founded Lendix

Weber Investissements – the investment holding vehicle of Didier Le Menestrel and Christian Gueugnier – and the management of 123Venture have also taken part in the funding round.

According to Partech, citing Banque de France, outstanding bank loans to SMEs totalled more than €350bn in January 2014.

The deal marks Partech's third investment in the fintech sector. The firm took part in a $16m series-B funding round for Düsseldorf-based crowdlending business Auxmoney in May this year, and co-led – alongside Idinvest Partners – a €6.5m series-A round for London-based peer-to-peer FX trading platform Kantox in February.

Company
Founded in 2014, Paris-headquartered Lendix is a crowdlending platform aimed at start-ups and SMEs. It is designed to ease the difficulty that such businesses may experience when trying to obtain funding from the banking sector.

The company aims to finance 400-500 companies per year with fixed-rate loans of between €15,000-300,000 for a duration of 18-48 months. Individuals investing through the platform must invest a minimum of €100.

Rates will sit between 4-8%, depending on the duration of the loan and the quality of the borrower.

People
Olivier Goy is the founder and president of Lendix. Philippe Collombel is a managing partner at Partech.

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