Walless provided Lithuanian counsel and Israel's Barnea Jaffa Lande & Co. was lead counsel to BLender P2P Israel Ltd on its generation of a total of USD 22 million in debt financing from Eiffel Investment Group SAS and equity investment by Asia Plus Group Holdings PCL, Blumberg Capital, and the Aviv Group. Glimstedt advised Eiffel on the debt financing.
Founded in 2014, BLender is a consumer lending startup that provides individuals and businesses with a digital platform to receive and issue loans. According to Walless, the company plans to use the capital raised to facilitate expansion in Poland and the CEE. Currently, the Israel-based company operates in its home market, Lithuania, and Italy.
The Walless team consisted of Partner Gediminas Reciunas and Associate Enrika Tamasauskaite.
The Glimstedt team consisted of Partner Andrius Ivanauskas and Senior Associate Jurgita Zakarauskiene.