Company Name: loanboox (a product of Swiss FinTech AG)
Founders: Stefan Muehlemann, Andi Burri, Dario Zogg
Founded: June 2015, Pfäffikon SZ
Your solution in short:
loanboox is the independent Swiss money and capital market platform for public-sector borrowers and institutional lenders and banks. In contrast to conventional intermediaries, financing and investing via loanboox is simple, transparent, secure and low-cost, benefiting both borrowers and lenders alike.
What we do and how we do it:
loanboox is an online lending platform, live since September 2016, and connects public-sector borrowers with institutional investors and banks. It is already the largest peer-to-peer lending platform in Switzerland, having had financing requests of over 1.8 billion. within the first 7 months. Over 320 communities, cantons, cities and lenders are actively dealing on loanboox.
As a recent addition to the core public sector business, loanboox has just started to accept financing requests from banks for unsecured loans. Similar to clients in the public sector, banks have described the traditional interbank lending market to be intransparent, expensive, unsecure and complicated to handle and have asked to not only participate as lenders but also as borrowers.
loanboox from the very inception on, has always had the utmost focus on clients’ needs – both lenders and borrowers – and will continue to do so. It’s our clients’ platform.
Switzerland. Target groups: public-sector borrowers, institutional investors and banks for financing volumes between CHF 1 million and CHF 1 billion.
Number of employees: 17 (12 FTE)
Funding: Seed stage; Business Angels. Series A currently in preparation.
Awards: Winner IMD Startup competition. Swisscom and e.foresight: one of the top ten most relevant start-ups in Fintech.
Why Switzerland is a great place for fintech startups:
Switzerland offers great opportunities. There are a lot of very helpful associations, as for example Swiss Finance Startups, which spread the word, lobby for the fintech industry and connect fintech companies amongst each other. Furthermore, Switzerland has lots of well-educated, talented personnel. Moreover, Switzerland’s stable regulatory, economic and political system, as well as its favorable tax-system makes it a great place for start-ups. Lastly, Swiss politicians and the government understand the relevance of innovation for a sustainable future and actively seek cooperation with start-ups.