Lend closes Series A financing round of CHF 6 million. Backers included Alpana Ventures and angel investors.
Our portfolio company LEND powers ahead and closes its CHF 6 Million Series A financing round, backed by Alpana Ventures and angel investors.
With the newly raised funds, LEND will further advance the digitisation of its platform, professionalise new business areas and secure institutional credit facilities to finance loan projects.
“The LEND team is impressive and delivers an excellent performance”, says Pascal H. Widmer, Managing Partner at Alpana Ventures.
LEND now offers financing solutions for SMEs and transacts 2nd lien mortgages, while keeping control of creditworthiness a top priority. Its stringent lending discipline translates into an exceptionally low default rate (below 0.5%). Good news for investors who generate an average return of 5.5% per annum.
Florian Kübler, CEO and co-founder of LEND: “Our successful track record remains convincing.
In addition to existing investors, who have supported us since the beginning, we were able to
attract new investors.”