Prêt d’Union raises $34 Million

What does Prêt d’Union do?

Prêt d’Union, is a French startup which provides an online platform for facilitating financial transactions between individual lenders and borrowers. It connects and facilitates the transactions without intermediation of a traditional financial institution. This European online credit marketplace which matches the lenders and borrowers, is a kind of a lending club for Europe.

How much Prêt d’Union was funded?

Prêt d’Union raised $34M in Series D funding on $34M / Series D on July 2, 2015 from Eurazeo and Pierre Kosciusko-Morizet.

Previous funding

€200k in Seed round on May 1, 2010 from Kima Ventures

€3.8M in Series B funding on November 7, 2011 from Credit Mutuel and Kima Ventures

€10M in Series C funding on November 7, 2013

What is next for Prêt d’Union?

Prêt d’Union is only available in France for not, but it is looking for expanding to other European countries in the coming months many be in the eurozone as there are plant of competitors in U.K already. The financial transactions company has so far managed $220 M in loans is growing by 6% month over month. However, it is still way less than the Lending Club’s managed billions of dollars.

The total funding the company raised to date since its launch in December 2011 is 50 M pounds. The latest funding will be used by the company for accelerating its international launch, which is scheduled for early 2015. The funding will enable the company to commence its expansion in Europe and pursue its growth in France, via different hirings, launch of innovative tech projects and ongoing investments in customer experience.

More about Prêt d’Union

Prêt d’Union was founded in 2009 by Charles Egly and Geoffroy Guigou. It has its headquarters in Issy-les-moulineaux. It is currently the first and only peer to peer lender which is certified as a credit institution and investment service provider by French Prudential Supervisory Authority , The Autorité de Contrôle Prudentiel et de Résolution.