Lendico launches in Germany

By AltFi News on 2nd December 2013

P2P/Marketplace Lending

Berlin-based Rocket Internet has launched Lendico – a peer-to-peer lending platform specializing in loans of 1,000-25,000 euros.  

Lendico launches in Germany

Lendico will offer borrowers interest rates of 2.99% – roughly half the rate typically attached to consumer loans in Germany. Investors using the new platform can expect yields of up to 10.44%.

Rocket Internet is the world’s largest “internet incubator” – they specialize in replicating successful business ideas in order to build new online companies and launch them in different markets. They have launched over 100 market-leading companies since their creation in 1999.

The move to create Lendico is in keeping with Rocket Internet’s usual strategy of imitation – borrowing this time from the business models of LendingClub and Zopa. Lendico already has offshoots in Austria, Denmark, France, Italy, the Netherlands, Norway, Poland, Russia, Spain, Sweden and Turkey.

Auxmoney and Smava, Germany’s existing lending platforms, may struggle to compete with the new entrant. Rocket Internet announced in July of this year that it had secured $500 million in recent funding. Alexander Samwer, co-founder of Alando and Jamba!, will help to lead the new platform. Samwer’s backing is also thought to spell bad news for Lendico’s future competitors.


AltFi London Summit 2019

The UK's oldest and best-loved conference for fintech and alternative finance insiders returns for its sixth iteration at etc.venues. We'll showcase the best of the UK's digital banking, online lending and digital wealth sectors through a series of uniquely in-depth discussions and presentations. Open Banking will be in full flight, just over a year on from its launch, and will be a central theme at the event.

18th March 2019

Companies in this Article:


More like this:

Ratesetter tops £3bn loans milestone

15th January 2019
Roger Baird

Natwest rolls out Esme loans to SME customers

17th January 2019
Daniel Lanyon

Fintech lender Creditshelf hires IT boss

15th January 2019
Roger Baird