Prêt d'Union raises €31m from Eurazeo et al.

Eurazeo provided €17m of the total alongside Isai co-founder and entrepreneur Pierre Kosciusko-Morizet, and secured a minority stake in the crowd-lender. Additional investors include BPI France-backed start-up initiative La French Tech. Eurazeo deployed capital via its Croissance fund.

This first institutional funding round will support the company to hire new staff as it expands both in France and abroad. The business plans to invest in big data-related research projects and improving the customer experience.

Eurazeo has been particularly active in recent weeks. On 26 June, the listed GP backed its portfolio company Europcar, a Paris-based car-rental service, as it floated on Paris stock exchange with a €1.69bn market capitalisation.

On 2 July, the firm divested its majority stake in French computer maintenance service Cap Vert Finance to Carlyle Group. The tertiary buyout, valuing Cap Vert at €137m, came three years Eurazeo bought the business alongside management, according to unquote" data.

Company
Founded in October 2009, Prêt d'Union began operating in 2011 as crowd-lending service. Its online platform allows lenders to provide consumer loans without the need for intermediaries.

Headquartered in Paris, the business employs 80 staff in France and claims to have provided €200m in loans since inception.

People
Eurazeo was represented by deputy CEO Virginie Morgon and Yann-Hervé du Rusquec, the head of Eurazeo Croissance. Geoffroy Guigou is chief operating officer at Prêt d'Union, while Charles Egly is chairperson of the company's executive board.

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• Topics
• France
• Expansion
• Financials
• France
• Eurazeo