ezbob was the brainchild of its two founders that believed that the time had come to challenge the banks in regards to small business lending. The business was founded in 2011 when a team of financial experts and technology gurus began laying the groundwork for what would be the most advanced business lending platform in the market.
ezbob was introduced to the market in July 2012 and received a glowing reception. Since launch the company has provided funding to over 10,000 businesses across the UK. The company has also won awards and has been chosen to showcase its technology at several leading financial technology events such as FinovateEurope and Money2020 both in 2013, 2014, 2015 and efma 2014.
ezbob’s credibility shines when it comes to the industry bodies and investors that have joined the company. Equity shareholders include the UK Government’s Business Bank’s Angel Co-Fund, Bank Leumi, and Oak Tree Capital. In addition, ezbob was chosen to be the first internet lender in Europe to be appointed as a EU financial intermediary by the European Investment Fund (EIF).
The size of the UK SME market for the banks is estimtated to be circa £50B per annum.
After five years on lending in the UK ezbob signed its first white label agreement with RBS/Natwest under the brand ESMELOANS.com. RBS is using ezbob’s technology and infrastructure to grant loans to businesses around the UK using ezbob’s platform. RBS/Natwest’s SME lending amounts to 26% of the UK market total.
Ezbob has a large pipeline of banks and financial institutions.
A significant opportunity exists for banks to use ezbob’s platform to digitize their SME lending processes due to the fact that today:
Oaktree Capital Management
D+H is committed to being the technology partner that financial services organizations trust and rely on to build deeper and more.
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