Linked gets €2.5m
Peer-to-peer lender Linked Finance has received a €2.5m investment from Irish venture capitalists Frontline Ventures as it looks to expand.
Fish and chip company Leo Burdock and Vit Hits maker Vitz Drinks are among the companies to have raised money through the platform to date. The lender is doubling the maximum amount businesses can borrow to €100,000 from the first week of March.
8,000 members of the public have registered as lenders and Linked has a "huge" amount of money ready to go, it said.
"We have a three-year target of supporting 5,000 SMEs and in the process supporting 40,000 jobs," founder Peter O'Mahony (above) said.