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Ezbob has raised money from fund manager Oaktree, in a sign that non-bank lending is becoming more mainstream.

British internet lender Ezbob, which recently bought former Wonga business-lending arm Everline, has raised £30m from fund manager Oaktree, as alternative lending becomes more mainstream.

The £30m will be used to refinance existing debt and to increase its loan offerings to small businesses.

This major investment follows the announcement of ezbob’s pioneering partnership with Alibaba.com, as well as their loan guarantee agreement with the European Investment Fund with a value of £40 million.

Tags: Funding