Crossing borders for better returns

Lendico now offers German investors to directly invest in Spanish loans

04 DECEMBER 2014, JOHANNESBURG
Summary
Lendico now offers German investors to directly invest in Spanish loans. German investors will be able to earn up to 50% more than they currently can in Germany.

Since the Financial Crisis in 2008, it has become extremely difficult for high quality borrowers to get a loan and for return-seeking investors to earn a high rate of interest.

Lendico identified this opportunity of mutual interest and connects borrowers and lenders across borders. “The fact is, the disparities between countries are much greater than those on a national level. Borrowers from high-interest countries are in need of foreign investment just as investors in low-interest countries are looking for loan investments with higher returns.” explains co-founder Dominik Steinkühler.

As a first step, German investors can now invest in Spanish loans, with returns up to 19,60%, considerably higher than what investors can expect in Germany. Lendico has already received 500 million Euros in loan demands in 2014 and is receiving thousands of new requests every week. Lendico is established on a well-known principle: you can earn around 6,5% with a savings account but banks regularly lend out money to borrowers at rates sometimes higher than 20%. There is a lot of room in-between.

About Lendico

Lendicobrings together borrowers seeking finance and lenders seeking returns, and is the first financial marketplace of this type in Europe and South Africa. Fully licensed by the NCR, Lendico’s social lending model allows it to beat the prices of banks and pass these savings on to customers. The idea is simple and universal: people with money invest in the projects of people looking for funding, so that one party benefits from attractive returns and the other from cheap interest rates.

About AIG

Africa Internet Groupintroduces and accelerates the online shift in Africa – for its people and its culture. It is committed to running successful and vibrant internet companies which boost the evolution of African online culture. AIG is the parent group of nine successful and fast-growing companies in more than 25 African countries, accounting for over 3000 staff. Its network of companies includes JUMIA, Kaymu, hellofood, Lamudi, Carmudi, Zando, Jovago, Lendico and Easy Taxi.

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