With their project the Samwer brothers copy Lendico, the US lending club,company which provides loans from private lenders to private borrowers. The clone of Lendico occurs in competition to existing P2P credit platforms like Smava and Auxmoney and is therefore also not a “new way to credit”.
P2P is long been around in technology as well, but due to legal reasons big companies are careful to use it. For an interesting read check out Hostingmanual.
Business with P2P lending is very good in the United States: In June 2013, lending Club had provided loans with a volume of over $2 billion.
A team of 50 workers came together from other companies and banking institutions. They have built up the new Internet project in the past six months. Banks are also participating in the startup. The reestablishment of Lendico plans a rapid international expansion and would start in the coming months in several countries.
Lendico collect a service charge amounting to one percent of the repayment of the investors. In addition, borrowers pay a service fee of 0.50 to 4.50 percent of net loan.
For the credit rating they have created algorithms and agreed a cooperation with Schufa and Deutsche Post.
In addition, Zalando is active in Russia, Latin America, the Middle East, India, Southeast Asia and Australia. It is an incubator focused primarily on the sale of fashion, furniture and on E-commerce in General. The fashion shop is the largest holdings of Zalora, last year they collected $ 180 million, and the Amazon competitor Lazada recently collected $100 million. Both are active in Southeast Asia. Overall Rocket Internet is involved in more than 60 companies.