Lithuanian lender Finbee Verslui closes a €35M round led by Pollen Street Capital
Summary
Lithuanian alternative lender Finbee Verslui has closed a 35 million funding round led by Pollen Street Capital. Founded in 2017, Finbee is a Vilnus-based online p2p lending platform led by CEO Tomas Maiulaitis. The company specialises in providing financial solutions to small and medium enterprises. Until now, it used to take over a week to crowdfund larger loans, while now it will take just a few hours from signing the contract to the money being in the account,Tomas Maiulaitis, CEO of Finbee Verslui, comments. Tomas Maiulaitis says that the company financed more than 27 million in loans last year alone, and with the new investment, they are set to maintain this growth momentum, projecting over 40 million in new loan originations this year.The fresh investments will help to cover a funding gap which occurred owing to increased customer requests, and to work with larger businesses which was limited until now.