Lendify – marketplace lending
Lendify is Sweden’s leading marketplace for consumer loans. We challenge the traditional financial institutions, which profit enormously on consumer loans, by providing consumers with an opportunity to borrow directly from each other via our proprietary lending platform. Lendify conducts marketing, credit scoring, administration of deposits and withdrawals as well as establishment of contracts. Since we are fully online based we have significantly lower costs than the banks and thus we can share the upside with borrowers and lenders. Lenders are given the opportunity to allocate their capital to several different borrowers via Lendify ́s platform in order to create diversified and less risky loan portfolios
We target creditworthy borrowers and offer loans with the lowest rates on the market (current rates c. 2.95%-11.83% depending on credit class and maturity), maturities of 6 months – 12 years and loan amounts of sek 5,000-350,000.
See www.lendify.se for more information.