Company Overview

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Founded:
November 1, 2011
Founders:
Tomer Guriel, Sharon Perlstein
Employees:
13
Headquarters:
London
Funding:
$9.7M
Categories:
Finance Technology, E-Commerce, Finance
Description:
EZBOB provides instant and online funding for SMEs in the UK. Company is backed by the UK Government and an authorized by the EU.

Detailed Description

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EZBOB developed an automated and online lending platform which guides business owners through a short, user-friendly online application. Once registered, ezbob's proprietary algorithms are able to analyse a business applicants creditworthiness in real time and a funding offer is presented to he applicant. The application requires no paperwork and can be completed in minutes.

Shareholders in the company include the UK Governments Angel Co-Fund and the company was recently appointed financial intermediary by the EU and the European Investment Fund (EIF) providing guarantees against portfolio losses.

EZBOB initial system was launched in 2012 targeting e-commerce businesses (+2,000 loans have been granted to online sellers in 2013). In 2013 ezbob released a system upgrade which included algorithms that allowed for the credit analysis of all UK businesses. All of the 5.2m UK registered businesses and soles traders can now apply for funding in minutes.

With EZBOB’s funding solution, gaining access to working capital is now done through a superior customer experience. Ninety percent of first time borrowers are returning customers.

Current Team (7)

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Past Team (3)

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Funding Rounds (3) - $9.7M

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Products (2)

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Investors (3)

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  • 391a0b7af44a63112f8b73b9032591e7

    Phenomen Ventures

    Phenomen Ventures is a Moscow-based venture capital firm investing internationally.
  • 75f88c7b7f24eda8ec348e9670ecd503

    Angel CoFund

    Angel CoFund invests in small and medium-sized enterprises with high growth potential across the...
  • Cb default image

    Keren Hagshama

    Keren Hagshama is an investment fund focused on providing investment solutions for large scale...

Offices/Locations (1)

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  • Office

    39-41 North Road

    London, N7 9DP

    GBR

Competitors (1)

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  • 18e09365e4e28102c5f19c153c405551

    Kabbage

    Kabbage is a provider of working capital for small businesses that are unable to obtain credit...