Financial Services, Innovations, Investments, Lithuania

International Internet Magazine. Baltic States news & analytics Tuesday, 05.07.2022, 06:19

Japan's Crowdcredit to invest in Lithuanian P2P lending platform Savy

BC, Vilnius, 28.07.2016.Print version
Japan-based peer-to-peer lender Crowdcredit plans to invest in Lithuania's peer-to-peer lending platform Savy, write LETA/BNS.

Vytautas Zabulis, CEO of Bendras Finansavimas, a Lithuanian-owned company that owns the platform, says that Crowdcredit will invest around 15-30% of Savy's monthly loan amount on a regular basis.

Some 300,000 euros are loaned via the platform per month on average.

"Their needs are much greater than we can meet, so they are diversifying and investing in all three Baltic countries. We cannot say exactly what these amounts will be, because these amounts will be different all the time," tolds Zabulis.

Zabulis said that investment talks with Crowdcredit had lasted for about half a year.

Crowdcredit has invested in peer-to-peer lending platforms in Finland, Estonia, Peru, Italy, Greece and Cameroon.


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