France-based peer-to-peer lending platform Younited Credit has raised €40m ($47.8m) in a funding round featuring insurance providers AG2R La Mondiale and Matmut, the latter investing through its Matmut Innovation unit.
French government-owned investment bank Bpifrance also participated, through its Large Venture Fund, as did financial services firm Crédit Mutuel Arkéa, Weber Investissements, Eurazeo and Zencap Asset Management.
Founded in 2011 as Prêt d’Union, Younited Credit operates a crowdlending platform that enables consumers to borrow between €1,000 and €40,000 from other users…
