Blackmoon is a fintech company that offers a very interesting MPLaaS (Marketplace Lending as a Service) product, which enables institutional investors to directly invest in loans issued by balance sheet lenders. After getting into the United States a few months ago, the interest on the company and its product was even higher, and now Blackmoon is announcing a successful $2.5 million equity funding round. The funding round was led by Target Global, A&NN Group, Flint Capital, and several private investors. The valuation of the company, as well as the structure of the investment, were not disclosed. Now with offices on Russia, Cyprus and the US, Blackmoon works with lending institutions from around the world: United States, Russia, Finland, Latvia, Estonia, Poland, Czech Republic, Slovakia and Georgia to name a few. This funding round will be used to further develop its technological platform and front-end solutions, in addition to the expansion of the company’s presence in the US market – a key growth area in the next year and a half. Oleg Seydak, founder and CEO of Blackmoon, had his say on what makes his company stand out, and the importance of this investment: Mikhail Lobanov, a partner at Target Global, explained why Blackmoon’s operations are worth this investment: Blackmoon operates on a growing niche inside fintech, estimated to be worth more than $850 billion. With this in mind, it is no surprise that investors see great potential in this company, and are willing to invest strongly on it.
