Ezbob

ezbob
Type of site
 Financial Services
Available in English
Owner Privately Held
Created by Tomer Guriel
Website www.ezbob.com
Registration Required
Launched September 2012 (2012-09)
Current status Active

Ezbob, is a UK-based software provider for banks and other financial institutions. The company's leading product is a digital end-to-end business loan platform. The company was founded in 2011 and for 6 years lent to UK SMEs from its own balance sheet.

The company's development center is located in Herzliya Pituah.[1] Additional investors include Oak Tree Capital from the US and the British Business Bank's Angel Co-Fund. Partners include Alibaba[2] 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 an 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.[3]

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,[4] and Bramly has served as the Director of Global Risk with the company.[5] 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,[6] and in 2016 a series-C round that raised £20m.[7] Additionally the company received a £25M debt facility from Shawbrook Bank and Honeycomb Investment Trust.[8]

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.[9]

Partnerships

Ezbob is a partner with the Royal Bank of Scotland / NatWest / ESME Loans, Clydesdale Yorkshire Bank, Alibaba

References

  1. ↑ Bank Leumi invests 10 million pounds in British online lender, Calcalist, 2016-03-02
  2. ↑ "Alibaba to offer loans to UK businesses after striking deal with former Wonga arm". Telegraph.co.uk. Retrieved 2017-03-05.
  3. ↑ "New NatWest platform offers quick and easy loans to SMEs". www.rbs.com. Retrieved 2017-03-05.
  4. ↑ 240 MNIS collateral for Ezbob, interview with Bramly, Yediot, 2015-01-20
  5. ↑ Company Overview of Ezbob Ltd., Bloomberg, archived 2017-02-26
  6. ↑ "Online lender Ezbob boosted after £30m fundraising". Telegraph.co.uk. Retrieved 2017-03-05.
  7. ↑ "EZBob Ltd. online lender approved for £20M Series C". Geektime. 2016-03-14. Retrieved 2017-03-05.
  8. ↑ "EZBob Ltd secures a £25m debt funding facility from Shawbrook Bank and Honeycomb Investment Trust". www.business-money.com. Retrieved 2017-03-05.
  9. ↑ "First Progress Microfinance agreement with internet lender Ezbob and the EIF". www.eif.org. Retrieved 2017-03-05.
  1. ↑ "New NatWest platform offers quick and easy loans to SMEs". www.rbs.com. Retrieved 2017-03-05.
  2. ↑ "Alibaba to offer loans to UK businesses after striking deal with former Wonga arm". Telegraph.co.uk. Retrieved 2017-03-05.
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