Lendico, a Berlin, Gernamy-based online marketplace for borrowers and investors, is launching in Brazil.
This follows a €20m financing round raised in May 2015 from Rocket Internet, Access Industries and HV Holtzbrinck Ventures to advance its international offering for private and business loans.
Led by Marcelo Ciampolini, managing director, Lendico Brazil has partnered with Banco BMG to offer cheap and quick loans in Brazil.
Led by Dr. Dominik Steinkühler, founder and managing director, Lendico is a credit marketplace offering investors the opportunity to invest in international loan projects. The company operates completely online with no branch network and relies on proprietary technology to optimize the handling of loan applications. Launched in December 2013, Lendico has more than 250,000 users in Germany.