The French marketplace lender has upped its repertoire for European SMEs.
Lendix announced today that it will be launching a new financing product, the Flexible Bridge Loan.
The new product will allow French, Spanish and Italian SMEs to benefit from the speed of execution of Lendix’s platform while still allowing them to set up overall refinancing solutions with other financial institutions.
The Flexible Bridge Loan is a 5-year amortizable loan with a standard commitment for the first 9 months, and the possibility of early repayment at no cost for the remainder of the loan term, even in the event of refinancing by other institutions.
Since the platform’s launch in 2015, Lendix has originated €119m to date to more than 320 companies. It adds this latest product to complement the three already in place: a medium-term amortizable loan solution, a short-term bullet loan, and a leasing solution with fixed rent.
“Many companies have been seduced by the speed of obtaining financing through the Lendix lending platform; and speed is even cited as the main reason why they decided to choose us”, says Olivier Goy, founder of Lendix.
“We want to go even further by creating a new Flexible Bridge Loan solution that combines the speed of execution of Lendix and the flexibility to be able to evolve their financial structure if necessary.”
The launch comes after the French marketplace lender secured an €18.5m funding deal from the European Investment Bank (EIB) in July this year.