Finance Breaking news Digital credit platform in fundraising effort last financial news
Breaking-Finance.Com - Collaborative financing platform mozzeno raised € 3,000,000 from its existing and new shareholders.
Breaking-Finance.Com - Launched in February 2017, mozzeno is a Belgian platform through which private individuals can indirectly finance loans granted to other individuals and businesses. Funds were raised among existing shareholders such as the W.IN.G Fund, and also provided by Federale (Federale Verzekering / Assurance). Frédéric Dujeux, one of mozzeno’s co-founders, explains: "Federale is a mutual cooperative insurer, and that specific structure was what sealed the deal for mozzeno. With this cooperation, we welcome a major new shareholder who brings in experience and solid credibility in both investment and lending businesses. Moreover, Federale Verzekering’s positioning is perfectly aligned with mozzeno’s collaborative model.” Jean-Marc Mayeur, Chief Investment Officer at Federale, adds: “We have been monitoring mozzeno’s project for several months. In a domain that is so complex and subject to so much regulation, we are deeply impressed by their ability to consistently find innovative solutions. The success that mozzeno has achieved so far in the Belgian marketplace is a clear indication that it can continue the same rapid pace of growth in the coming months.” New resources to accelerate mozzeno’s further growth. The funds that have been raised will be applied to bolstering mozzeno’s financial foundation and accelerating development. The aim of the collaborative platform is to become a major player in the consumer and business lending market.
. The newly raised funds will enable us to target an even greater audience. Now we can take serious steps to increase our brand awareness. And in recent months we have significantly improved our IT systems and user experience. From now borrowers applying for a credit on our platform can link their bank accounts, a development that will make it much easier for them to prove their income and expenses.”
mozzeno is also a community of more than 6,000 private investors. In order to provide them with a wide range of investment options and improve customer experience, mozzeno has developed a series of service lines.
For instance, mozzeno now has an investment formula for non-insured personal loans. This new option offers existing investors a chance to increase diversity in their portfolios, but also attracts new investors who are willing to accept a slightly higher risk with the possibility of a greater return. Another improvement to customer experience is that, from now on, investors can preview their portfolio activity and supplement their accounts immediately via Bancontact. They can also define automatic investment criteria, which means they invest in projects even when they are away from the computer.
Services for businesses: a focus on lending-as-service
As much as before, mozzeno continues to provide services to businesses. It does so in part by providing its innovative technologies to other financial players, but also by creating opportunities for non financial businesses to create a lending or investment offer and fully outsource its operations to mozzeno.
Source = Breaking-Finance.ComFinancial breaking news