Irish SME lender Linked Finance has agreed a deal with French firm Eiffel Investments.
The agreement will see Eiffel provide 20pc of all loans issued by Linked Finance.
Linked Finance is one the largest lenders to the SME market in Ireland.
The company has increased the size of its loan book by 132pc in the past six months.
Eiffel currently manages around €200m of investor funds from its base in Paris.
“This agreement with Eiffel is a vote of confidence in Linked Finance’s business model and recognises our strong growth trajectory," CEO of Linked Finance Niall Dorrian.
"Eiffel monitors over 100 lending platforms worldwide. They know the industry well and what it takes to succeed. A diverse funding mix is important for our long-term development. Eiffel’s support will complement our existing lenders, ordinary members of the Irish public, who will still continue to play a crucial role in helping us to fulfil our mission of providing fast and affordable finance for Ireland’s SME sector.
Etienne Boillot, founder and CEO of Eiffel eCapital, said the company had been attracted by the Irish firm’s growth plans.
“As institutional investors, we not only bring more liquidity to the market, but also more confidence in this method of fundraising, which should help attract more SMEs to borrow and more retail investors to lend, a win-win for all involved,” Mr Boillot said.