Lend, a Zurich, Switzerland-based fintech startup, closed a CHF6m Series A financing round.
Backers included Alpana Ventures and angel investors.
The company intends to use the funds to further advance the digitization of the platform, professionalize new business areas and secure institutional credit facilities to finance loan projects.
Led by Florian Kübler (CEO and co-founder), Roman Mebert (Head KMU) and Christian Huber (Head Sales), Lend provides a marketplace lending platform that allows borrowers to obtain loans while enabling lenders to direct their own loan investment opportunities. Lenders have access to all risk-relevant information from prospective borrowers and can allocate funding across different projects with different risk profiles and maturities. Minimum investment denominations per credit project are small, allowing diversification to be easily achieved. Most of the credit projects are protected by Helvetia insurance against unemployment, disability, and death.
Managed by Switzerlend AG and is a regulated financial intermediary by FINMA, Lend cooperates with several pension funds, family offices and banks, which are increasingly funding credit projects.