Friday January 24, 2020

Grid Finance plans to raise €100 million for peer-to-peer lending

Irish alternative lender provides loans to SMEs via its online marketplace

Barry J Whyte

Chief Feature Writer

@whytebarry
15th December, 2019
Sean O'Riordan and Derek Butler of GRID Finance. Picture: Colm Mahady/Fennell Photography

Irish alternative lender Grid Finance plans to raise €100 million in 2020 to provide loans to Irish businesses through its peer-to-peer lending platform, the company’s founder Derek Butler has told the Business Post.

Grid provides loans to Irish businesses via its online marketplace which matches firms with individuals and investment firms seeking to lend money at a return.

Butler said that in the second half of 2020, the company would be going...

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