Lendico: From nothing to 100 Million Euros in 6 Months

Germany's best credit marketplace reaches 100 million euros in loan applications

03 JULY 2014, BERLIN
Summary
Six months, five countries, more than 40,000 registered users and credit inquiries worth over 100 million euros. This is the first assessment of the financial start-up Lendico, which was founded in December 2013. "Lendico brings back German savers’ interest rates", states Dominik Steinkühler, CEO and co-founder of Lendico.

Six months, five countries, more than 40,000 registered users and credit inquiries worth over 100 million euros. This is the first assessment of the financial start-up Lendico, which was founded in December 2013. "Lendico brings back German savers’ interest rates", states Dominik Steinkühler, CEO and co-founder of Lendico.

Currently, the market environment is particularly favorable for credit marketplaces, such as Lendico. Investors are suffering from low interest rates that are below the inflation rate. "On the other side, borrowers are not really feeling the interest rate cuts", said Dominik Steinkühler. High credit costs drive many borrowers to Lendico.de. Around one in four borrowers are converting to a more favorable Lendico loan and breaking free of the high rates being charged by banks

With its strong demand, the Lendico team is growing. On two continents, a total of 150 experts from the fields of finance, risk assessment and underwriting make up the Berlin Startup. The digital credit marketplace is also successful in Spain, Poland, Austria and South Africa.

Lendico is a marketplace for peer-to-peer lending. Without bank branches or a cashier's desk, Lendico’s investors and borrowers are both involved in saving costs. Both sides benefit from attractive terms. Lendico allows investors to finance people and individual projects, and provides borrowers with the chance to fulfill their desires with the necessary funding.

Simply, the marketplace helps to fulfill the needs of both sides. Borrowers do not want to spend their hard well-earned cash on excessive lending rates. Investors want high returns on their savings. Both groups meet together at Lendico. 

Images
Download PDF
Download PDF
About Lendico

LUnternehmensfinanzierungen. Schnell. Einfach. Günstig.

Lendico wurde 2013 in Berlin gegründet. Unser Ziel: Mittelständischen Unternehmen ermöglichen, ihr volles Potential zu realisieren. Mit schnellen, einfachen und flexiblen Firmenfinanzierungen. Unsere Motivation: Der Erfolg unserer Kunden.

Das Team hinter Lendico steht für ausgefeilte Technologie, ein tiefgreifendes Finanzverständnis, schlanke Prozesse, jahrelang angewandte Expertise und nicht zuletzt die Courage Neues zu wagen. Unsere Finanzexperten stehen als persönliche Ansprechpartner für alle Finanzierungsfragen zur Verfügung.

ING & Lendico

In den vergangenen 50 Jahren hat die ING in Deutschland bewiesen, dass sie anders ist. Und das beweisen wir auch – wenn auch noch nicht so lange. Deswegen sind wir überzeugt, dass sich die Unternehmensstrategie der ING in Deutschland und das digitale, sehr effiziente Geschäftsmodell von Lendico sehr gut ergänzen und wir zusammen stärker wachsen können.

news