Type of site Financial Services Owner Privately Held Website www.ezbob.com | Available in English Created by Tomer Guriel Founded 2011 | |
Slogan(s) Business Lending Platform for Banks Motto Business Lending Platform for Banks | ||
Ezbob, is an UK based software provider for banks and other financial institutions. The company's leading product is an digital end to end business loan platform. The company was founded in 2011 and for 6 years lended to UK SMEs from its own balance sheet.
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The company's development center is located in Herzliya Pituah. Additional investors include Oak Tree Capital from the US and the British Business Bank's Angel Co-Fund. Partners include Alibaba and RBS.
The automated online platform analyzes the applicant's personal and business information, including links to business bank accounts, online marketplaces, online accounting providers, payment service providers, and e-commerce platforms with which Ezbob is integrated. Ezbob compiles this data into a workable client profile in a instant so that its risk engines can make a qualified decision, allowing the approved applicant immediate funding.
In February 2017 RBS launched ezbob's white labeled platform to start lending to their UK SMEs.
ezbob's platform is customized for RBS risk requirements. To date, ezbob's lending experience includes having processed over 60,000 SME loans and has completed 10,000 full loan cycles. ezbob is looking to offer its technology to banks worldwide.
Investors
Oak Tree Capital as well as Bank Leumi are the majority investors. The UK Government-sponsored Angel Co-Fund is an equity investor in EZBOB and has participated in the early financing rounds. Amir Bramly's Rubicon Business Group was one of the initial investors, and Bramly has served as the Director of Global Risk with the company. Additional early investors are Keren Hagshama, Phenomen Ventures, and other private investors. Ezbob has raised a total of £5.8M in two rounds of financing, followed by a 2015 raise of £30m, and in 2016 a series-C round that raised £20m. Additionally the company received a £25M debt facility from Shawbrook Bank and Honeycomb Investment Trust.
Awards
In October 2013, Ezbob was awarded the EU guarantee program for its small and medium business loans, the first European online lending platform to receive it.
Partnerships
Ezbob is a partner with the Royal Mail Simple Ways to Grow, ekmPowershop, ChannelGrabber, and volusion.