This article was published on December 1, 2013

Rocket Internet gets into peer-to-peer lending with the launch of Lendico in Germany


Rocket Internet gets into peer-to-peer lending with the launch of Lendico in Germany
Martin Bryant
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Martin Bryant

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Martin Bryant is founder of Big Revolution, where he helps tech companies refine their proposition and positioning, and develops high-qualit Martin Bryant is founder of Big Revolution, where he helps tech companies refine their proposition and positioning, and develops high-quality, compelling content for them. He previously served in several roles at TNW, including Editor-in-Chief. He left the company in April 2016 for pastures new.

LendicoGermany-based incubator/’clone factory’ Rocket Internet has today launched its latest business, a peer-to-peer lending service called Lendico. The platform links lenders and borrowers, with interest rates starting at 2.99 percent. Loans are available to borrowers for amounts between €1,000 ($1,360) and €25,000 ($34,000). Borrowers can ‘invest’ as little as €25 ($34) in ‘projects’, Lendico’s terminology for the individual loans that it offers.

Peer-to-peer lending first emerged as an online business model in the middle of the last decade, with sites such as Zopa in the UK and Prosper in the USA. Although Lendico currently only operates in Germany, it’s common for Rocket Internet to expand its businesses to multiple markets. Indeed, Rocket says Lendico will arrive in “several countries” within the next few months.

Lendico