Rocket Internet Launches the First Digital Credit Marketplace for SMEs in Germany

April 1, 2014 (Tue): Zencap.de, the first digital credit marketplace for small and medium sized enterprises (SMEs) started its business in Germany yesterday. With Zencap, SMEs are given the opportunity to receive financing from the Berlin start-up, quickly and hassle-free.

“About 99% of all companies in Germany are small or medium-sized. In total they reach an annual revenue of 2 billion Euros, which makes them the backbone of the German economy. However, credit financing is a bureaucratic and tedious process that often ends in frustration. In fact, the latest KfW-Panel about medium-sized companies came to the result that 20% of all credit negotiations are doomed to failure. It is our goal to dismantle these barriers by providing an easy and unbureaucratic alternative to banks,” said Dr. Christian Grobe, founder and director of Zencap.

Author: VSDaily Editor

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