Lend operates a crowdfunding marketplace that provides a direct channel for loans between borrowers (private individuals and SMEs) and investors, avoiding traditional bank intermediation. Investors on the platform are offered attractive returns while borrowers benefit from comparatively favorable interest rates. Founded in 2015 and based in Zurich, the company employs a 17-strong workforce. Borrowers have already applied to Lend for loans amounting to over CHF 1.3 billion. Following the Series B investment, Lend expects to accelerate growth by drawing on TX Group's expertise in technology, data analytics, marketing, and product and business development and by leveraging TX Group's broad media reach. The company also expanded commercial distribution through a cooperation with PostFinance, which will offer loans via Lend to its business clients. Lend operates a marketplace lending platform that allows borrowers to obtain loans while enabling lenders to direct their own loan investments. Lenders on the platform have access to risk-relevant information for prospective borrowers and can allocate funding across projects with different risk profiles and maturities. The platform offers small minimum investment denominations per credit project to facilitate diversification, and most credit projects are protected by Helvetia insurance against unemployment, disability, and death. Lend is managed by Switzerlend AG and is a regulated financial intermediary under FINMA. The company cooperates with several pension funds, family offices and banks, which are increasingly funding credit projects. It intends to use recent funds to further digitize the platform, professionalize new business areas and secure institutional credit facilities to finance loan projects. Lend, run by Switzerlend AG and based in Zürich, operates a crowdlending platform that enables borrowers to obtain loans at favorable rates while allowing lenders to select and fund credit projects. Lenders have access to all risk-relevant information and can allocate funding across projects with different risk profiles and maturities; Lend conducts underwriting and handles contractual issues and all financial movements on the platform. Credit projects are protected by Helvetia insurance against unemployment, disability and death. Since launching in January 2016 the platform has recorded more than 4,000 users and funded 300 credit projects. The company will use the Series A proceeds to further develop its platform and to market its brands LEND and splendit, with a focus on automation, customer usability and increased marketing efforts within Switzerland. Lend is a regulated financial intermediary overseen by FINMA. lend.ch is a Zurich-based peer-to-peer crowdlending platform that directly connects private borrowers and investors, removing traditional bank intermediaries. The platform launched in January 2016 after the company was founded in summer 2015. lend.ch focuses primarily on refinancing existing loans and routes savings from more efficient processes to both borrowers and lenders. To date the platform has originated over CHF1 million in loan volume, with investors achieving net yields around 5% (range cited 4%–8%) and borrowers saving about CHF1,300 on average. The founders emphasize strict credit checks and report no defaults so far. LEND is operated by LEND Switzerland AG, is affiliated with self-regulatory organisation PolyReg and is indirectly overseen by FINMA; loans are insured by Helvetia against unemployment, disability and death. The company plans to use new capital to further develop the platform and expand marketing and sales in Switzerland.

Total raised

$17M

Funding rounds

4

Latest round

Series B

Latest activity

Oct 2020