Brocc AB - Brocc raises Debt Financing from Goldman Sachs

Brocc raises Debt Financing from Goldman Sachs

Newsdesk 21/8 12:00

Brocc, a Swedish company specialized in P2P Consumer Lending, has raised funding from Goldman Sachs Private Capital (?Goldman Sachs?). Brocc intends to use this financing to issue consumer loans, allowing consumers to consolidate existing debts at lower rates.

Jonathan Klein (CEO, Co-founder of Brocc) and Patrik Gunnarsson (CBO, Co-founder of Brocc) said ?We are looking forward to using this funding to continue to improve the credit conditions for the Swedish Consumer. The asset-backed investment facility provided by Goldman Sachs will allow us to increase Brocc?s origination of consumer loans via our platform, and facilitate debt consolidation at improved rates to the Swedish Consumer.?

About Goldman Sachs Private Capital

Goldman Sachs Private Capital is Goldman Sachs' investing and lending business dedicated to providing long term capital to growth and middle-market companies throughout the US, Europe and Israel. The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centres around the world.

Media Contacts:

Brocc: Patrik Gunnarsson at +46 70 993 18 31

Goldman Sachs: Joseph Stein, +44 207 774 4080

Goldman Sachs press contact in Sweden:
Anders Andre?n

Phone: +46 76 133 99 40


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