P2P-Banking

New Figures on Lendico and Zencap

Lendico and Zencap are German p2p lending services. They are separate companies, but both are founded/backed by Rocket Internet.

Lendico

Lendico is a p2p lending service with consumers as borrowers and has been rolled out in 6 national markets so far. See my previous articles on Lendico for more details. Lendico management did not give any official figures on loan origination amounts in the past. That’s the reason that Lendico is not included in my monthly loan volume stats tables. But in the context of the Rocket Internet IPO some figures and estimates became available.
An estimate says that Lendico Germany originated 1 million EUR loan volume in the first 6 months of 2014. The following are hard (official) figures:

Based on non-representative lender postings on the Lendico forum at P2P-Kredite.com it seems that no Lendico (Germany) loans have defaulted yet and only very few have gone temporarily overdue.

Zencap

Zencap is a p2p lending service where investors lend to SMEs. Zencap is available in Germany and Spain. See my previous articles on Zencap for more details. Since Zencap issues larger loans than Lendico I had included Zencap in my monthly loan volume tables based on my own estimations.

New (official) figures on Zencap:

The Zencap loan portfolio is very young. As far as I am aware no defaults have become known so far.

(Source: own research based on press articles, Rocket Internet and Zencap documents and P2P-Kredite.com forum)

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