Ezbob parent acquires e-lender

Ezbob parent acquires e-lender




Orange Money Ltd, which trades as Ezbob in the UK, has announced the purchase of Everline to create the UK's largest online commercial lender.

Orange Money Ltd, which trades as Ezbob in the UK, has announced the purchase of Everline to create the UK’s largest online commercial lender.

As an e-lender to SMEs, Everline will combine with Ezbob to work with the intermediary sector as they aim to capitalise on the rapidly growing alternative finance sector.

Collectively the lenders have provided over 5,000 business loans and lent more than £54 million to small businesses since forming in 2012 and CEO of Orange Money Ltd, Tomer Guriel, said they will continue to focus on this sector.

“This is an exciting acquisition for us, as it brings together two strong brands in Ezbob and Everline, both of which have proved to be an attractive alternative to short term traditional business finance,” said Tomer.  

“Our market leading technology platform complements Everline’s well positioned brand – the combination of the two will accelerate our growth, which has already been more than doubling year on year for each brand since launch.”

Orange Money Ltd also announced that it has appointed the former Everline Managing Director Russell Gould as its Chief Operating Officer and he joins the business at a pivotal point says Tomer.

“We are delighted to announce that Russell is joining the management team and look forward to working with him to take the sound foundations from both businesses and create an even stronger business for the future.”

Customers will now have access to loans of up to £150,000 for 18 months with funds in most cases available within 24 hours of an initial enquiry.

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