Online Lending Startup EZBob Raises $28M

March 13, 2016 | Online lending platform EZBob has raised over $28 million dollars in Series C funding in a round led by Leumi Partners and Oaktree Capital Management. Founded in 2012, with offices in London and a development center in Herzliya, EZBob has provided loans to over 8,500 small and medium-sized businesses in the UK. Having recieved a guarantee of tens of millions of pounds from the European Investment Fund (EIF), the EZBob platform is based on a rapid analysis of the customer’s data from a variety of sources, enabling EZBob to provide short-term loans of £3,000-£120,000 to small and medium-sized businesses. Leumi Partners is the investment arm of Bank Leumi, one of Israel’s biggest banks with a history of investing in technology. Oaktree’s investment was led by Vice Presidents Assaf Littner and Stefano Mazzoli of its London-based European Principal Group, an existing shareholder and debt provider of EZBob.