Peer-to-peer (P2P) lending platform Mozzeno has raised an additional €3m meant for bolstering it’s financial foundation and accelerating development. The Belgian based company raised the funds from existing and new shareholders. Some of the shareholders who contributed to the current round of funding include the Wallonia Innovation and Growth investment fund and insurer Federale. Frédéric Dujeux, a co-founder of Mozzeno explained the inspiration behind Federale’s contribution. According to Dujex: On the other hand, Xavier Laoureux another Mozzeno co-founder talked about the company’s future in digital lending. According to Laoureux: Mozzeno launched in February 2017 and it allows private individuals to indirectly finance loans granted to other individuals and businesses. To date, Mozzeno has granted 2,000 loans worth €15 million. P2P lending has been growing in popularity thanks to benefits such as convenience, more transparently, and diversified risks. Peer to peer lending companies were more concentrated in the US and UK but the trend is expanding to other European and Asian companies.
