Linked Finance, the Irish non-bank lender, has chosen a German bank that is “recalibrating [its] business model” in the face of multi-faceted compliance probes as the senior backer for its new €50 million fund to issue loans to Irish SMEs. The Currency revealed last October that Linked Finance was evolving from its historic peer-to-peer lending model, which helps extend loans from individual investors to SME borrowers, towards a fund approach where loans are pooled together.  As the Dublin firm approached selected investors at the time, its chief executive, Niall O’Grady, told them that it would target an eight per cent…

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