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Oaktree Capital Management (NYSE: OAK). This round brings the startup’s total equity and debt funding to date to $95 million. The UK government-supported Angel Co-Fund is also an investor, and other previous investors include Keren Hagshama, Phenomen Ventures, and angel investors. “This is Leumi’s first major investment in fintech outside of Israel,” said Prof. Danny Tsiddon, chairman of Leumi Partners and Leumi Group deputy CEO. “Business e-lending is rapidly growing around the world and is attracting global banks, who see its potential and allocate more and more resources towards it. It is only natural that a bank which specialises in Israeli high-tech and spearheads innovation has chosen to invest in this leading FinTech start-up.” Bank Leumi is one of Israel’s largest banks and a leading global bank in digitalization. The bank has a history of investing in tech and recently expanded its LeumiTech unit, by opening a London operation. “Raising investment from a leading global bank in digitalisation and an active investor within tech is proof of our game-changing technology and unique approach to business lending,” said EZBob’s CEO and co-founder Tomer Guriel. “This latest investment will further accelerate our growth plans and enable us to continue to develop our proprietary business lending platform to address more of the UK’s business lending needs.” EZBob, formerly Orange Money Ltd, is a UK-based e-lender that offers financing through a web portal for small and medium enterprises (SMEs). The startup was founded by Sharone Perlstein and Tomer Guriel in 2011, and started lending to small businesses in the UK in September 2012. EZBob Ltd. has now provided over £100 million in funding and over 8,500 loans to small and medium-sized businesses in the UK through its trading brands Everline and EZbob. In the last 12 months, the fintech start-up has announced a partnership with Alibaba.com, as well as the first loan guarantee agreement in the UK with the European Investment Fund (EIF) valued at £40 million. This funding round will be used to increase EZBob’s lending capacity, to further develop its technology platform and to serve the UK’s 5.2 million SMEs, said the company. EZBob’s automated lending platform links directly to a company’s key data sources, such as cloud based accounting services, tax reports and bank statements, to make up-to-date and rapid lending decisions based on the business’ performance. The application process, risk analysis, decision making and servicing are all fully automated, so funds of up to £120,000 can be transferred to the applicant’s bank account within minutes. Prior to founding EZBob, Guriel served as managing director of FECapital, and CEO of Redstone Group, a real estate development company in in Ukraine, Russia, and Bulgaria. He previously served as JPMorgan Chase (NYSE: JPM) Israel Country Representative. He was a director at Bezeq Communications and received an EMBA from Northwestern University – Kellogg School of Management. He served as a First Sergeant at the IDF. EZBob’s co-founder Perlstein was previously a co-partner with AIG (NYSE: AIG) in Central and Eastern Europe, through his company Canadel Developments. He has over 17 years of experience in corporate finance. He holds a BA from the University of Illinois Champaign/Urbana. Bank Leumi (Hebrew: בנק לאומי‎, lit. National Bank) was founded in London as the Anglo Palestine Company in 1902. The bank is headquartered in Tel Aviv. The bank has 13,500 employees and a presence in the U.S., UK, Switzerland, Luxembourg, Mexico, Uruguay, Romania, Jersey, and China. The banks president and CEO is Rakefet Russak-Aminoach. Though nationalized in 1981, Bank Leumi’s shares are now publicly traded on the Tel Aviv Stock Exchange. Oaktree Capital Group, LLC operates as a global investment management firm that focuses on alternative markets. It manages investments in a number of strategies within six asset classes, including distressed debt; corporate debt, including high yield debt and senior loans; control investing; convertible securities; real estate; and listed equities. The company pursues these strategies through closed-end, open-end, and evergreen funds. Oaktree Capital was founded in 1995. The firm comprises over 900 employees in Los Angeles (headquarters), London, New York, Hong Kong, Stamford, Houston, Tokyo, Luxembourg, Paris, Frankfurt, Singapore, Seoul, Beijing, Amsterdam, Dublin, Dubai, Shanghai and Sydney. Oaktree has a market capitalization of $3.06 billion, and has $97 billion in assets under management.]]>