ezbob Offers Smart Onboarding Solution

Digital lending-as-a-service solution provider ezbob is making its smart onboarding module available to banks. The solution will enable banks to meet their KYC, AML, and sanctions challenges, as well as provide a better, more seamless experience for customers.

“When it comes to KYC, banks have made large investments, growing their compliance teams in order to deal with the new stringent regulatory requirements,” ezbob CEO Tomer Guriel said. “Clearing a customer now requires more back and forth with the client and at the end of the day it is the customer journey that suffers.”

The Smart Onboarding Engine enables banks to design, build, and manage onboarding journeys for current accounts, lending products, wealth services and other solutions – leveraging APIs to control the customer experience. The engine also offers smart, real-time monitoring analytics to help banks improve and optimize the onboarding process. And by using single sign on (SSO), customers can easily move from one product to another without having to provide credentials each time.

“With ezbob’s solution, once the customer clicks submit, that’s where our system instantly starts making API calls to databases, such as LexisNexis, in order to verify the customer,” Guriel said. “By cross-checking multiple data sources through out own KYC risk engine, we’re able to deliver a true ‘Pass/Fail’ along with whatever additional information may be required.”

ezbob has already won plaudits for its onboarding solution. Earlier this month, the company announced that its Smart Onboarding Engine helped it win Best Fintech Partnership honors at The Banker’s Tech Project Awards. The onboarding engine is part of ezbob’s Catalyst+ omni-channel, omni-product, modular LaaS solution, featured earlier this year.

Founded in 2011 and based in London, U.K., ezbob demonstrated its lending technology at FinovateEurope 2014. Among the first online, fully-automated lending platforms for small businesses, ezbob pivoted in 2017 to focus on providing lending-as-a-service (LaaS) solutions to banks. Since then, the company has forged partnerships with companies like American Express, NatWest, and Yorkshire Bank to help power SME lending products.

ezbob has raised more than $124 million (£103 million) from investors including Honeycomb Investment Trust, Leumi Partners, and Oaktree Capital Management.

Finovate Alumni News

On Finovate.com

  • ezbob Offers Smart Onboarding Solution.
  • BizEquity Acquired by American City Business Journals.

Around the web

  • Spreedly – in partnership with Webio – wins 2019 Innovation Lab Award at Payments Ed Forum.
  • Australian FinTech looks at the possibility of iSignthis becoming the next big neobank.
  • Infosecurity Magazine features Veridium Chief Revenue Officer Jason Tooley on the challenges law enforcement faces when using biometrics.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • Dynamic Hedging Specialist Kantox Teams Up with Silicon Valley Bank.
  • What’s Trending Across Fintech Verticals.

Around the web

  • Arkose Labs announces updates to the dynamic risk engine and adaptive step-up of its anti-fraud platform.
  • Experian leads $20 million funding for Hong Kong-based CompareAsiaGroup.
  • EZBOB earns Best Fintech Partnership honors at The Banker’s Tech Project Awards 2019 for its Smart Onboarding Engine.
  • AI Foundry one of 15 companies selected to present in VentureBeat’s AI Showcase Tech Showcase.
  • Noble Credit Union selects Digital Onboarding to engage new members.
  • Signifyd launches Signifyd Seamless SCA to help businesses meet PSD2 requirements.
  • InComm partners with LA Metro to expand locations where customers can purchase and reload TAP cards.
  • Jack Henry & Associates named one of the best places to work in Alabama by Business Alabama.
  • Bpm’online CEO and Managing Partner Katherine Kostereva recognized in The Software Report’s Top 50 SaaS CEOs of 2019 feature.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • PayStand Leverages the Blockchain to Document Proof-of-Action.
  • DriveWealth Powers Commission-Free Trading for Revolut Cardholders.

Around the web

  • Columbia Bank to leverage nCino’s Bank Operating System.
  • Fast Company highlights Lighter Capital as a competitor to Clearbanc.
  • Ezbob wins the Best Fintech Partnership category for its Smart Onboarding Engine in this year’s Banker’s Tech Projects Awards.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

ezbob to Offer Financing for AMEX’s UK SMEs

American Express has partnered with online financing platform ezbob to offer U.K. SMEs competitive access to finance, reports Henry Vilar of Fintech Futures (Finovate’s sister publication).

Through the partnership, eligible American Express business clients will receive a referral to apply for up to £300,000 in financing from ezbob at a fixed annual interest rate from 3% per year.

Carlos Carriedo, senior vice president of Global Commercial Services at American Express, said: “We know agility is crucial for smaller businesses to help retain a competitive advantage, but accessing the financ(ing) needed to react swiftly to changing customer demands, or seize an opportunity, can be a challenge.”

Amex customers taking out a loan with ezbob will also benefit from a 40,000 Membership Reward points offer.

Ezbob will enable eligible American Express U.K.-based SME business customers to access quick and paper-free credit. The firm says companies can apply for a loan in ten minutes – and, if successful – receive funds on the same day.

The SVP continued: “We’re committed to helping U.K. businesses to ensure they can capture growth opportunities – whether that’s investing in headcount, optimizing seasonality, refurbing premises, or simply funding a large order.”

American Express and Oxford Economics recently conducted a global study of senior executives of 3,000 SMEs, which revealed that while U.K. SMEs remain confident, a significant number (24%) struggle to access finance to help grow and support their business.

The research highlighted that hidden fees, a lack of flexible repayment options and lengthy application processes are among the greatest challenges for small businesses looking to access finance or capital.

ezbob demonstrated its online application with automated lending decisioning and instant funding at FinovateEurope 2014. Founded in 2011, the company has raised more than $136 million (£103 million) in funding, including more than $50.3 million (£38.2 million) in equity funding. Tomer Guriel is founder and CEO.

ezbob Lands Undisclosed Investment from Honeycomb Investment Trust

Alternative business lending company ezbob closed a round of equity funding this week. The amount of the financing was undisclosed and boosts the U.K.-based startup’s total combined debt and equity funding higher than its previous total of $136 million (£103 million). Of that amount, $50.3+ million (£38.2+ million) is equity and $81.9 million (£62.2 million) is debt.

Today’s Series C funds come from Honeycomb Investment Trust, which is managed by Pollen Street Capital, one of the leading investors focused on lending startups. Lindsey McMurray, Pollen Street founding partner, will join ezbob’s Board of Directors. ezbob will use the funds to build out a more robust automated lending portfolio and to expand into new geographical territory.

Regarding McMurray’s involvement, Tomer Guriel, founder and CEO of ezbob said, “Our initial focus is on the SME community, many of whom struggle to acquire the financial support they need to achieve their personal and professional business development goals. My vision is to create a portfolio of innovative solutions which streamline and accelerate the entire lending process for both the borrowers and loan providers. With the support of highly experienced individuals like Lindsey, together with the new funding, there is nothing to stop us from turning our shared vision into a sustainable reality.”

“We have watched ezbob develop from being a niche player into a leading lending platform provider,” said McMurray. “ezbob are pioneers in this space and I believe both the financial institutions, and the businesses they support will derive significant benefits from this new and innovative approach to lending,” she added.

In addition to lending directly to small businesses in need of capital, ezbob offers banks a lending-as-a service platform for their small business banking customers. Esme Loans and Clydesdale Yorkshire Bank are among the company’s clients.

Founded in 2011, ezbob has 70 employees across offices in London, Tel Aviv, and Bulgaria. At FinovateEurope 2014, Guriel demonstrated ezbob’s online application process. The company started this year off on the right foot with the announcement of a $21 million funding round. Late last year, ezbob won an award for “Best Technology Initiative” at the Financial Innovation Awards.

Finovate Alumni News

On Finovate.com

  • Paysend Seals Deal on $20 Million Financing.
  • ezbob Lands Undisclosed Investment from Honeycomb Investment Trust.
  • New Investment Takes ThetaRay’s Total Capital to More than $60 Million.

Around the web

  • Cryptocurrency trading platform DXE chooses Mobile Verify from Mitek for automated ID verification.
  • Delano.lu profiles developer platform Hydrogen, recognized last month as the 2018 fintech startup of the year by KPMG Luxembourg and Luxembourg House of Financial Technology.
  • Benzinga interviews Unison CEO Thomas Sponholtz in the wake of the company’s $40 million Series B round.
  • Hypepotamus features Cardlytics post-IPO, interviews CEO Scott Grimes.
  • Bluefin and NCR expand POS payment security to provide PCI-Validated Point-to-Point Encryption (P2PE).

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

London-based Lender EZBOB Raises $21 Million in New Funding

Small business online lender EZBOB has raised $21 million in new funding (£15 million) courtesy of an investment from Moscow-based PE firm Da Vinci Capital Management. The funding puts the company’s total capital at more than $146 million (£103 million).

Founded in 2011, EZBOB demonstrated its lending platform at FinovateEurope 2014. The company provides small and medium-sized businesses with up to £120,000 in financing in minutes. There are no pre-payment penalties, and borrowers are offered a flexible repayment schedule of up to 24 months and an APR as low as 18%.

What will EZBOB do with the additional financing? Some clues hinted at in a Forbes interview with EZBOB co-founder and CEO Tomer Guriel from last summer suggest that new products (“such as a consumer lending platform and a mortgage platform”) may be in the offering. The idea is to model any new lending product after the company’s current SME lending platform.

So it was no surprise that when asked by interviewer Omri Barzilay what EZBOB’s advantage is in the SME lending space, Guriel answered “technology” and discussed the company’s commitment to improving the customer experience. But he segued quickly to the “fin” part of “fintech,” adding that:

“Our advantage is that we are solely focused on digital lending solutions. We live and breathe the lending space. Lending is at the heart of the bank’s business and our experience in lending has given us phenomenal insight into what works for a customer and from a lender perspective.”

So far, so good. EZBOB ended 2017 winning “Best Technology Initiative” from the Financial Innovation Awards. In November, Yorkshire Bank said that it would deploy technology from EZBOB to speed the loan application process from two weeks to less than 24 hours. Back in August, the company announced that it would extend its contract with AU10TIX for ID authentication and automating customer onboarding. The Royal Bank of Scotland has also used EZBOB’s technology to launch its automated lending platform, Esme.

Finovate Alumni News

On Finovate.com

  • Moven Enterprise Launches in Japan, Lands $23 Million from SBI Holdings.
  • nCino Reels in Investment from SalesForce Ventures.
  • London-based lender EZBOB Raises $21 Million in New Funding.
  • Bitbond Launches Alternative Investment Fund in Partnership with 1741 Fund Management.

Around the web

  • TIBCO appoints Matt Quinn as COO, Nelson Petracek as CTO.
  • Revolut launches ability to buy, hold, & sell Bitcoin, Litecoin, & Ethereum in just 30 seconds directly from the app.
  • KIVA Group team with MX to offer AFCU members mobile banking app.
  • UK technology retailer Maplin integrates Klarna’s pay later option.
  • Ephesoft appoints Russ Hubbard as Chief Revenue Officer.
  • PayNearMe partners with Ria to make paying for international money transfers easier.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

EZBOB Raises £20 Million in Series C Round Led by Bank Leumi, Oaktree


Small business lending innovator EZBOB has raised £20 million ($28.8 million USD) in a Series C investment. The round was led by Leumi Partners and Oaktree Capital Management and takes EZBOB’s total capital to more than $83 million.

EZBOB CEO Tomer Guriel, co-founder, called the investment “proof” of his company’s platform and strategy for helping small businesses get the funding they need to grow. “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 U.K.’s business lending needs.”


Pictured (left to right): EZBOB COO Nimrod Kaplan and CEO Tomer Guriel, co-founder, demonstrated the EZBOB platform at FinovateEurope 2014 in London.

The investment also marks the first major foray into fintech for the Israeli-based Leumi Partners. Leumi Group Deputy CEO Danny Tsiddon says that, given the strong growth of business e-lending worldwide, “it is only natural that a bank which specializes in Israeli high-tech and spearheads innovation has chosen to invest in this leading FinTech startup.”

EZBOB says that the additional funding will help the the company both increase its lending capacity as well as improve its lending technology. The company has provided more than £100 million in funding via more than 8,500 loans to SMEs in the United Kingdom. Applying for a loan from EZBOB takes only 10 minutes and businesses can get funding in as little as 30 minutes. Loans are available from between £500 and £120,000, and U.K. businesses with annual turnover of at least £10,000 that have been in operation for at least a year are eligible.

Founded in 2011 and based in London, EZBOB demonstrated its technology at FinovateEurope 2014.

Finovate Alumni News

On Finovate.com

  • “EZBOB raises 20 million in Series C round led by Bank Leumi, Oaktree”

Around the web

  • Quartz asks, “Should Venmo Buy a Bank?”
  • HuffPost Business features Simply Tapp and Kontomatik in its list of the five most useful APIs in the financial world.
  • Algomi adds Glocer as strategic adviser, appoints Edelstein to board.
  • CityWire U.K. looks at Nutmeg and Scalable Capital in a discussion on the robo-adviser phenomenon.
  • NAB Asset Servicing selects Thomson Reuters as its preferred data partner.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate’s European Alums Raised More Than $350 Million in 2015


Nineteen Finovate alums headquartered in Europe raised $350 million in 2015.

From the $16,000 in seed money raised by U.K. startup, StockViews, to the €82 million investment received by Germany’s Kreditech, we’ve counted every euro, pound, and dollar that investors poured into our European alums. And whether the funding represented an initial infusion of capital or was part of a multi-stage Series E round, it is clear that investors are very interested in the fintech innovations of Europe.

Take a look for yourself at the “European Portfolio” from 2015 below, featuring Finovate alums from the United Kingdom, Ireland, Germany, Switzerland, and the Netherlands.





Netherlands_FlagThe Netherlands








UK_FlagUnited Kingdom

There’s still time to join us in London for FinovateEurope! Our two-day conference returns to Old Billingsgate Market Hall, February 9 and 10. Get your tickets today and save your spot.