Lendify raises SEK 200M in investment bonds.

Lendify, a Stockholm, Sweden-based peer-to-peer lending platform raised SEK 200M ($23M) from institutional investors, in the form of bonds with a maturity of three years.

The company, founded in 2014 by John-Christian Eriksson (CEO), Nicholas Sundén-Cullberg and José Cartro, developed and operates a marketplace online credit platform that enables people to borrow money and lend money from each other – without the involvement of banks. By cutting out the middle men and bypassing many of the traditional banking costs Lendify is able to provide good rates for borrowers and attractive returns for investors.

Prior to this transaction, Lendify raised almost $11M in external funding.