Dublin-headquartered fintech start-up Flender, whose backers include former EY Entrepreneur of the Year award winner Mark Roden, is set to announce a €50 million debt financing round to fund its expansion. Flender, which bills itself as the “friendly crowd finance” company, went live with its online peer-to-peer (P2P) lending platform for small and medium-sized businesses just over a year ago and has helped Irish companies raise more than €1.28 million to date. The start-up is due to announce it has raised €50 million in debt financing to launch a new property-backed P2P service that will allow far bigger sums to be lent via the platform. New investorsFlender will also announce a number of new investors, with Enterprise Ireland thought to be among the backers. Current investors include Mr Roden, founder of Irish mobile payments company Ding and a co-founder of Esat Digifone.

Source: The Irish Times March 30, 2018 15:31 UTC