Lendermarket, which claims to be one of Europe’s fastest growing P2P investment platforms, recently announced that it is becoming “a multi-lender platform after signing an agreement with Credory, an Estonian SME-financing company.”
The partnership “enables Lendermarket to appeal to investors looking for lower-risk loans and add further diversity to its product range.”
Endrik Eller, Head of Lendermarket, stated:
“Given the current economic climate, we feel that now is the perfect time to expand our operations and offer additional diversification opportunities across various geographies and loan types.”
Eller added:
“One of the main concerns we’ve noted in the P2P market is that lending platforms tend to have a limited selection of lower-risk options. The partnership with Credory marks an exciting opportunity for us to be able to offer loans that are backed by real estate collateral.”
According to Credory’s Founder Raido Reiska, partnering up with Lendermarket marks the next milestone “for the company as they have been actively looking for a reliable partner to extend their international investor base and continue Credory’s fast paced growth.”
Raido also noted:
“Our conservative business model is built for the SME segment and historically real estate collateral has always been the key component for the SMEs to gain access to capital. As a creditor, you always want to minimize your risks and secure your loans with collateral that is less affected by the changing business climate.”
Lendermarket’s platform is designed with long-term returns in mind and convenient tools “allowing investors to automate the management of their funds with ease.”
In 2021 alone, Lendermarket’s platform growth “tripled and its customer base grew 200%, with the total interest paid to investors exceeding €4.1M.”
Looking back at the progress made in the last few years, Lendermarket intends “to capitalize on its successes in 2022 and gears up to introduce new innovative features to the platform and offer an even wider range of diverse investment options to investors through a number of exciting future partnerships.”