Groupama Banque to Lend 100M via Unilend

Today p2c lending marketplace Unilend and Groupama Banque announce a partnership wherein Groupama Banque will lend directly 100 million euros to French small and medium enterprises through Unilend over the next four years. This is a first time ever partnership between a French bank and Unilend, a French p2p lending marketplace.

Bernard Pouy, CEO of Groupama Banque, said: “this ambitious partnership will allow Groupama Banque to sustain the growth of French businesses all across the country”. Nicolas Lesur, CEO and co-founder of Unilend, added: “this is a key milestone for Unilend, the marketplace lending industry and the financial sector more generally”.

Through Unilend, Groupama Banque will have the opportunity to lend money directly to the businesses of its choice alongside Unilend’s lenders. Groupama Banque, a subsidiary of mutual benefit insurance company Groupama, counts 536,000 clients all across France. Groupama’s values are social responsibility, proximity and solidarity and ”this partnership with Unilend is just another illustration of these values”, according to Sylvain Burel, in charge of Groupama’s communication.
Unilend has originated 7.5M EUR of loans since inception in December 2013 from 3,000 registered lenders.

Victory Park Capital to lend 150 million GBP via AssetzCapital

In a similar arrangement announced today, US private equity company Victory Park Capital will lend 150 million pound via AssetzCapital marketplace in the next 5 years.