Peer-to-Peer Debt Trading Startup CreditPlace Raises $8 Million

Tel Aviv-based fintech Startup CreditPlace Ltd. announced Sunday that it has raised $8 million in a funding round led by OM2 Ventures. Founded in 2013, CreditPlace operates an online peer-to-peer debt trading marketplace for private investors and family offices that do not have access to the general credit market in Israel. Receipts purchased by investors are insured by the credit insurance company Coface S.A. and the funds are managed in a trust account by the BDO Ziv-Haft accounting firm.

The company will use the funding to expand its international operations and further develop its platform, the company said in a statement. Earlier this year, the CreditPlace started operating in the European Union from a Brussels office.