Press Release

Summary

The Swiss market leader for peer-to-peer lending just announced expansion plans into Germany. From now on private borrowers, independent entrepreneurs and SMEs in Germany can benefit from the fair conditions that CreditGate24 provides. The development of CreditGate24 in Switzerland and the current interest rate on savings accounts in Germany have strengthened the decision to expand. The principle is based on the successful business model that CreditGate24 has in Switzerland. The innovative online platform connects borrowers directly with institutional investors creating a unique user experience throughout the entire customer journey.

Detailed media release:

First Swiss peer-to-peer lending fintech in the German market live

Rüschlikon, November 14, 2017 – Over the past two years, CreditGate24 has shown how necessary and in demand digital financing alternatives are. Since its foundation in March 2015, over 1’000 loans have been financed by private individuals and SMEs. The requested loan volume exceeds 250 million Swiss francs. In total, loans have already been financed with volume of just under CHF 55 million. CreditGate24 now wants to achieve these successes in Germany as well. With an office in Berlin, CreditGate24 opens up the German market for digital financing and investment. Loan inquiries are checked by private individuals, self-employed persons and SMEs with their own local team and within a few days borrowers receive their personal loan offer. With an efficient credit check process, costs can be kept to a minimum. In addition, borrowers benefit from favourable interest rates which can no longer be promised by the classic financial institutions. SMEs in Germany can apply for a corporate loan from CreditGate24 with a lending volume of more than EUR 10,000. State-of-the-art technology provides a simple and secure way avenue to assume a loan. Irrespective of opening hours, borrowers can apply directly online for a loan, and financing is taken over by private and institutional investors. Within 14 days, the requested loan will be funded and borrowers will receive their loan by bank transfer to the specified account. Negative interest rates on traditional investments in financial institutions increase the demand for lucrative asset classes. With the financing of loan, investors can now benefit from the advantages. In addition to the fact that the financing of loans represent a completely new asset class for many investors and thus they can further diversify their own portfolio, investors in Germany have the opportunity to achieve an attractive return.

Also visit www.creditgate24.com for information.

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