![]() | |
Company type | Private |
---|---|
Industry |
Financial services Software |
Founder | Dr. Christian Grobe, Dr. Matthias Knecht |
Headquarters | , |
Area served | Germany, Spain, The Netherlands |
Products | Peer-to-peer lending |
Number of employees | 65 |
Parent | Rocket Internet |
Website |
Official website
![]() |
Zencap was a German company, operating a peer-to-peer lending platform, which allowed private savers to lend money directly to small and medium-sized businesses in Germany, Spain, and the Netherlands. [1] Using the crowdfunding model, the company based in Berlin, Germany [2] aimed to create a direct link between private lenders and small businesses seeking loans. [1] [3] [4] [5] As of December 2014, Zencap had facilitated 5 million Euro in loans to small and medium-sized firms. [6]
In October 2015, the company was merged with Funding Circle, being active on UK and US. [7] [8]
The company, based in Berlin, was founded in March 2014 [9] [10] by Christian Grobe and Matthias Knecht, with support from Rocket Internet. [1] [9] [11]
The business model resembled the US peer-to-peer lending platform Lending Club and UK-based company Funding Circle. [12][ failed verification] Zencap facilitated small business loans from 10,000 to 250,000 euros. [1] Zencap determined whether the borrower was creditworthy and assigned a credit grade that determined the payable interest rate and the fees. Zencap itself charged borrowers a 1% to 4.5% origination fee. The loan period ranged between 6 and 60 months while the loan could be repaid without an early repayment fee at any time. [13] Conditions varied between countries.
Der Tagesspiegel quoted founder Christian Grobe, "We are very strict with the risk assessment." [1] Once approved, businesses posted their loan request on the Zencap marketplace, where private lenders were able to choose which businesses they wanted to lend money to. [14]
In October 2015, Zencap was acquired by UK based Funding Circle, another lending platform in Europe. [15] Zencap was active in Germany, Spain and the Netherlands. [15] The merge made Funding Circle one of the main peer to business lending leaders in Europe.
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![]() | |
Company type | Private |
---|---|
Industry |
Financial services Software |
Founder | Dr. Christian Grobe, Dr. Matthias Knecht |
Headquarters | , |
Area served | Germany, Spain, The Netherlands |
Products | Peer-to-peer lending |
Number of employees | 65 |
Parent | Rocket Internet |
Website |
Official website
![]() |
Zencap was a German company, operating a peer-to-peer lending platform, which allowed private savers to lend money directly to small and medium-sized businesses in Germany, Spain, and the Netherlands. [1] Using the crowdfunding model, the company based in Berlin, Germany [2] aimed to create a direct link between private lenders and small businesses seeking loans. [1] [3] [4] [5] As of December 2014, Zencap had facilitated 5 million Euro in loans to small and medium-sized firms. [6]
In October 2015, the company was merged with Funding Circle, being active on UK and US. [7] [8]
The company, based in Berlin, was founded in March 2014 [9] [10] by Christian Grobe and Matthias Knecht, with support from Rocket Internet. [1] [9] [11]
The business model resembled the US peer-to-peer lending platform Lending Club and UK-based company Funding Circle. [12][ failed verification] Zencap facilitated small business loans from 10,000 to 250,000 euros. [1] Zencap determined whether the borrower was creditworthy and assigned a credit grade that determined the payable interest rate and the fees. Zencap itself charged borrowers a 1% to 4.5% origination fee. The loan period ranged between 6 and 60 months while the loan could be repaid without an early repayment fee at any time. [13] Conditions varied between countries.
Der Tagesspiegel quoted founder Christian Grobe, "We are very strict with the risk assessment." [1] Once approved, businesses posted their loan request on the Zencap marketplace, where private lenders were able to choose which businesses they wanted to lend money to. [14]
In October 2015, Zencap was acquired by UK based Funding Circle, another lending platform in Europe. [15] Zencap was active in Germany, Spain and the Netherlands. [15] The merge made Funding Circle one of the main peer to business lending leaders in Europe.
{{
cite journal}}
: Cite journal requires |journal=
(
help)