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Wall St CEOs back direct lending start-up

http://blogs.ft.com/tech-blog/2014/10/wall-st-ceos-back-direct-lending-start-up/? 

 

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London’s burgeoning fintech scene is about to get a bit bigger as a US start-up with a board of former Wall Street chief executives starts expanding internationally.

Orchard, a online direct lending platform, just raised $12m in venture funding with plans to open an office in London to tap into the UK’s growing demand, and government support, for direct lending.

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