Estonia based Venture

Deals D000258
Description Company leverages Big Data and technology to provide a peer-to-peer lending service offering unsecured personal and business loans to customers across Europe. We focus on underserved niches not interesting to banks. Company targets consumers with good recent financial behaviour however with previous negative credit history and hence a tendency to use payday loans. These customers are generally not able to get loans from banks and can only resort to high interest loans pushing them into vicious debt cycles. Company helps these customers by refinancing their existing debt, reducing their interest costs up to 70% and hence improving the family budget. Our aim is to make our customers bankable again and improve their personal finances. The financing is provided by peer-investors from across Europe who besides a return on their money are looking to have a social impact.
Country Of origin Estonia
Funding Sector Impact Investment
Colloboration Type