Thursday, May 24, 2012

Zebit Gets $25M For Microlending Site

Zebit, a microlending and financial transactions platform in the UK which is owned by San Diego-based Global Analytics Holdings, said it has raised $25M in a Series D funding round this morning. According to the firm, the round was led by Mohr Davidow, and also included Crosslink Capital, Leapfrog Ventures, QED Investors, and a number of private strategic advisors. Zebit operates a service which allows users in the UK to borrow small amounts of money for a short period of time, and uses data analytics software to assess the risk of lending to borrowers. Global Analytics said it was advised by Victory Park Securities in the funding. More information »

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