Molo raises GBP 266 mln in series A funding round

AP

Alin Popa

09 Oct 2020 / 5 Min Read

The investment was led by global financial services firm Macquarie Group (Macquarie) and Patron Capital, a pan-European institutional investor focused on property-backed investments. The equity round was led by Yabeo, an international venture capital firm and supported by existing shareholders Andenes Investments, GPS Ventures and others.

The capital raise comes after a first tranche of GBP 10 mln for the Series A round that closed in January 2020. The new funding will be used to accelerate the company’s growth through additional online lending and investment in its proprietary technology and new product propositions.

The company reports it has experienced higher volumes of online mortgage applications post COVID-19, which points to the growing popularity of digital lending.
Countries:
AP

Alin Popa

09 Oct 2020 / 5 Min Read

sign up banner
the paypers logo

The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.

 

The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.

 



No part of this site can be reproduced without explicit permission of The Paypers (v2.7).

Privacy Policy / Cookie Statement

Copyright