Lendify is Sweden´s first and leading marketplace lending platform. Lendify handles servicing of marketing, credit scoring, underwriting and servicing of loans on behalf of the matched borrowers and investors. By cutting the middle men and bypassing many of the traditional banking costs Lendify is able to provide great rates for borrowers and attractive returns for investors. Through technology Lendify makes it easy for customers to take part of the traditional banks earnings. A meticulous, innovative and market-leading credit scoring model using traditional and new data sources in a highly structured and analytical manner, is the core of Lendify. Lendify has 12-18 months head-start to competition due to the regulatory hurdles and operational requirements that face new entrants. The market potential for Lendify in the Nordics is high. The Swedish unsecured consumer credit market is 22BN Euro and with a high level of internet usage, good conditions for credit scoring with easily accessible finance- and personal data Lendify has a huge potential for growth.
Name CEO: John- Christian Eriksson
Founded in: 2015
Company Twitter: @LendifySE
Category: Alternative Finance
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