creditworld further establishes itself in the market

There are many reasons for companies to choose this method of corporate financing. On the one hand, a large number of investors can be addressed efficiently and in a coordinated manner in this way. On the other hand, a direct link between debtor and creditor is cost-efficient, as there are no high infrastructure costs for a branch network, for example. This has a positive effect on interest rates, among other things.

Investors on the other hand have the opportunity to invest in interesting Swiss companies, which is an attractive alternative to zero or even negative interest on a bank account. In order to professionally support investors in their decision-making process, each credit project is reviewed by the independent evaluation partner Euler Hermes (www.eulerhermes.ch). According to creditworld's own information, fair, transparent and understandable pricing as well as attractive contract conditions, unconditional customer focus with a high level of advisory competence and strict separation of appraisal and brokerage activities make up the recipe for success.

Large projects lead to rapidly increasing sales volume with high selectivity

In the course of the last ten months, according to the company, a loan volume of over 100 million Swiss francs has already been brought to the platform, with over 7 million Swiss francs successfully brokered. Further exciting projects are in the pipeline, it adds. The first repayments have also already been made.

By way of comparison, the Institute for Financial Services Zug (IFZ) estimates the total volume of all lending platforms at CHF 7.9 million in 2015. For 2016, IFZ predicted significant growth, particularly in the area of SME lending. The current market dynamics suggest that the IFZ forecasts will be confirmed and even exceeded. This, together with the increasing interest in SME financing from investors, makes us confident that peer-to-peer lending platforms will establish themselves as a complement to traditional credit financing channels.

With Nicolas Meier an experienced new partner on board

With the success of creditworld, the team has grown steadily in recent months. In addition, a third partner, Nicolas Meier, joined creditworld in the summer. Nicolas will support the team on both the strategic and operational side and, in addition to his main activities in the areas of business origination and credit screening, will continue to drive the institutionalization of creditworld. Nicolas previously spent 10 years in private equity at Partners Group, providing capital to small and medium sized companies and supporting management teams in the implementation of their entrepreneurial plans. He is therefore very familiar with the needs of creditworld's clientele and with his long experience as a buyside investment manager, he can further strengthen creditworld's expertise in the area of credit assessment and processing.

Source: www.creditworld.ch