The London-based FinTech start-ups, trading under EZBob Ltd, have almost doubled lending to small businesses in the last 12 months and provided loans to 8,500 firms.
Tomer Guriel, CEO of Everline and ezbob, said: “This is a huge milestone for us. We know first-hand that time and money are the biggest barriers to small business growth.
“Our aim when we started out was to rewrite the traditional approach to underwriting business loans by fully automating the decision, risk and funding process so that small businesses can access vital finance.
“As awareness for alternative finance providers continues to grow, we’re looking forward to being able to provide funding for even more of the country’s SMEs.”
Last year, Everline and ezbob received a £30m investment from funds managed by Oaktree Capital Management L.P.
The lenders have also been backed with finance from the European Investment Fund.
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