Finland based peer to peer lender Fellow Finance announced on Tuesday its platform hit a record-breaking milestone by facilitating €18.5 million of loans in January 2019. The online lender reported that the total number of investors also grew to 11,205.
As previously reported, Fellow Finance was founded in 2014 and its main business activity is crowdfunding and peer-to-peer lending services. The company states that by volume it is the leading loan-based crowdfunding and peer-to-peer lending service in the Nordics.
“Fellow Finance offers the most advanced crowdfunding platform for people and businesses. The borrower can apply a loan fitting their needs and the investor can receive reasonable interest returns for the money lent. Fellow Finance offers a secure and safe online marketplace for lending and borrowing. Fellow Finance Plc is regulated by the Financial Supervisory Authority of Finland as an Authorised Payment Institution. Fellow Finance Plc is listed on Nasdaq First North Finland.”
Fellow Finance also revealed that in January it launched peer-to-peer lending in Denmark, making it possible for Danish consumers to look for the best offers and lowest rates easily and thus opening a new investment opportunity to investors. The lender added:
“This gives them a way to diversify their portfolio even further, making it possible now to invest in Finnish, Swedish, Polish, German and Danish consumer loans and Finnish business financing.”