Rocket Internet Launches Online Money Lending Service in Germany

Dec 2, 2013 (Mon): Rocket Internet has launched Lendico.de, an online site offering peer-to-peer lending in Germany.

“From the start, Lendico was developed as the digital alternative to banks,” says co-founder and CEO Dr. Dominik Steinkühler. “We challenge the monopolistic situation in the loans business. Lendico is a new way of financing personal loans and a new asset class.”

Lendico relies on an in-house designed formula to evaluate each borrowers credit risk and to set the loan rates in real time. Better rates and better returns, however, are not contradictory for Lendico: “We have established high quality standards when it comes to selecting borrowers, as we always keep the interest of investors in mind”, adds Dr. Dominik Steinkühler.

Author: VSDaily Editor

Share This Post On

Submit a Review

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>