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Mandate Vinge has advised Lendify in connection with a capital raising

January 08, 2018

Lendify, a Swedish platform for the granting and brokering of consumer credits, has carried out a capital raising by way of a share issue in the amount of SEK 111.5 million (with the issue being based on a pre-money valuation of Lendify amounting to SEK 650 million).

The capital is intended to be used for funding technical development and as equity in forthcoming issuance of corporate bonds.

Vinge acted for Lendify AB, and the team consisted of Jonas Johansson as partner in charge with associates Louise Nordkvist and Anna Thoms.

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