Asset-Based Lender i80 Group Expands to London Amid Bank Retreat

i80 Group, a credit firm that focuses on lending to startups, is expanding into London and has hired Nils Schaffner to help it identify investments in the UK and Europe, according to a statement seen by Bloomberg.

Schaffner joins i80 from NIBC Bank NV, where he led its financial technology and specialty finance team, focusing on receivable financing and asset-based lending to non-bank and digital lenders. Earlier, he was an investment committee observer at venture capital fund Outward VC.

i80 seeks to make asset-based investments to fast growing, capital-intensive companies. Since its 2016 founding, the investment firm has committed ...