Lend raises CHF 5.5 million in series B funding round

15.10.2020 10:28, Jonatan Masseus

The Swiss fintech and Venture Leaders startup Lend raises CHF 5.5 million in a series B funding round. The TX Group led the investment round into the Zurich-based lending platform.

Lend, a Venture Leader Fintech 2018, is a direct channel for loans between borrowers and investors, cutting out intermediaries such as banks. Investors benefit from attractive returns and borrowers like private individuals as well as SMEs, pay comparatively favorable interest. Borrowers on Lend have applied for more than CHF1.3 billion in loans. The Zurich-based enterprise was founded in 2015 by Florian Kübler and Michel Lalive d’Epinay and makes up for 17 employees. The Series B financing round was led by TX Group. Additional investors included PostFinance, Alpana Ventures. As part of a cooperation arrangement, PostFinance also offers loans via Lend to its business clients.

TX Group's move on Lend will strengthen their fintech portfolio. Samuel Hügli, Head of Technology & Ventures and Member of the Group Management at the TX Group, who is also a new member of the Lend Board of Directors: "Lend is an ideal complement to our existing fintech portfolio and we share the same vision, because we too want to offer our Swiss clients independent and fair financial solutions. Lend's strong team and its impressive development of the business convinced us to invest. Startups such as Lend can accelerate their growth by drawing on our expertise in technology, data analytics and marketing, as well as in product and business development. Furthermore, the company benefits from the extensive reach of our media and platforms, given that we reach over 80 percent of the Swiss population every day."

TX Group and Post Finance are partners of Venture Leaders Fintech 2020.