fintechnews.ch, 11.07.2016
CreditGate24 is a Swiss direct lending platform connecting borrowers with private and institutional lenders.
Launched in 2015, CreditGate24 is regulated by the VQF (Verein zur Qualitätssicherung von Finanzdienstleistungen) and is a member of the ZEK (Verein zur Führung einer Zentralstelle für Kreditinformationen) and the IKO (Verein zur Führung einer Informationsstelle für Konsumkredit).
The company said it aims at differentiating itself by offering a strict credit check by using classic credit assessment methods, Big Data tech, the insurance and the solidarity arrangement. In a detailed interview with Finanzprodukt.ch Creditgate24 mentioned that they financed 100 credit-project with zero loss in the first year and in total 165 until end of June.
Switzerland is a very attractive market for P2P Lending. The negative interest rates will push alternative investments and the the growth of Peer to Peer Lendings.