Green Light from the FMA as well as the first bank showing Lendico the red card

Lendico is the first credit marketplace in Austria to offer low-interest loans with the support of the highest financial supervisory Austrian authority.

11 JUNE 2014
Summary
The Austrian Finanzmarktaufsicht (the authority for the financial market in Austria) has confirmed that Lendico.at meets its regulatory requirements. This makes Lendico the first credit marketplace in Austria to offer low-interest loans with the support of the highest financial supervisory Austrian authority. Previously, similar business models have failed to meet the regulatory requirements of the FMA due to illegitimate operations of banking transactions requiring a license.

The Austrian Finanzmarktaufsicht (the authority for the financial market in Austria) has confirmed that Lendico.at meets its regulatory requirements. This makes Lendico the first credit marketplace in Austria to offer low-interest loans with the support of the highest financial supervisory Austrian authority. Previously, similar business models have failed to meet the regulatory requirements of the FMA due to illegitimate operations of banking transactions requiring a license.

“It was always clear to us that Lendico in Austria would be operated with a strong and legitimate model. Lendico provides a new quality within the field of credit market places: Our expert team consists of former risk management directors from credit institutions with in-depth knowledge about our approach to fundamental credit risk policies and credit processes as well as being made up of loan officers who have had more than 20 years of experience in the examination of credit applications", expresses Dr. Dominik Steinkühler, CEO and co-founder of Lendico.

“With this it is now confirmed that Lendico may provide a better, digital alternative to existing lending to Austrian bank customers” adds Steinkühler. Currently over 40,000 users within five countries spread over two continents trust Lendico. The amount of loans already requested has reached over 150 million euros. Since Lendico’s launch six months ago, investors have been able to participate in more than 2,000 projects involving providing credit. 

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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.

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