Lendify wants to secure SEK 100M more in debt via a bond issue.

Lendify, a Stockholm, Sweden-based financial company managing a P2P lending platform focusing on consumer loans, announced that it intends to look for SEK 100M in funding via a bond issue. The company intends to issue the bond via its platform, at a 7% return per year.

Lendify, founded in 2014 and managed by CEO John-C Eriksson, 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.

Early in 2017, Lendify raised SEK 21M from GSB Investco AB, thus totalling to more than $13M raised in equity funding from outside investors since founding.

In May 2017, Lendify also announced issuing bonds for raising SEK 200M ($23M) in debt from institutional investors.