Another great success for #fintech #theSwissway:
Zurich/April 12th, 2018. The next milestone for Loanboox! Just 18 months after go-live, a financing volume of more than ten billion Swiss francs has been requested through the independent money and capital market platform for cities, municipalities and institutional lenders. Measured by the number of inhabitants, the market coverage in terms of municipalities and cities in Switzerland is now close to 60 percent.
«We are very proud that we surpassed the 10 billion mark within such a short time. This shows us that there is a lot of demand for an easy, transparent and secure solution in the area of municipal financing», explains Stefan Muehlemann, Founder and CEO of Loanboox.
Since go-live in September 2016, Loanboox has grown very fast. After just three months, the first billion mark has been cracked. «Today, we sometimes even have financing requests of more than 200 million Swiss francs on one single day», states Muehlemann.
Those 10 billion Swiss francs are not only requests from Swiss borrowers, but include German cities and municipalities as well. Loanboox started in Germany at the end of 2017. «The demand on the German market develops very positively», says Muehlemann. «More than 120 borrowers and about 50 lenders already use the platform in Germany. » Worldwide, Loanboox counts more than 1,000 active users.