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Lendico

EuropeFintechNews Roundup
·Feb. 20, 2018

ING Diba Acquires German Marketplace Lender Lendico

P2P-Banking reports that the bank ING Diba has acquired the marketplace lender Lendico; the company had challenges in Germany where it is based and also had shifted from consumer to SME Lending. Source

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EuropeNews RoundupOnline Lending
·Dec. 9, 2016

Lendico Has Stopped Originating Consumer Loans in Germany

According to P2P-Banking, Lendico has stopped originating consumer loans in Germany; website is referring consumer loan borrowers to Finanzcheck, but the company is still offering business loans in Germany; company has also ended consumer loans in the Netherlands and stopped new loan originations in Brazil and South Africa; recent activity from the firm includes an announcement last week regarding a joint venture with Postfinance in Switzerland.  Source

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EuropeFintechNews Roundup
·Aug. 1, 2017

Marketplace Lender Lendico Partners with solarisBank

The two companies are both based in Berlin and will collaborate on SME loan financing; solarisBank has initially provided an eight digit investment for financing loans on the Lendico peer-to-peer lending platform; Lendico launched in 2014 and has total lending volume of over EUR100 million. Source

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