LEND secures new, existing investors

Zurich – The Zurich-based fintech start-up LEND secured CHF 3.5 million in a Series A financing round. The company operates a platform that matches investors with borrowers.

As LEND announced, existing investors like Polytech Ecosystem Ventures as well as new investors contributed to the financing round. Existing investors provided nearly half the funds.

The Zurich-based fintech start-up operates lend.ch, a platform that matches borrowers with investors. By eliminating the need for a bank or other middleman, borrowers can benefit from more favourable interest rates, while lenders earn higher rates of return. 

Since its launch in January 2016, LEND has attracted more than 4,000 users and has funded 300 credit projects. The company plans to use the new, CHF 3.5 million capital to further enhance automation and customer usability. 

“We are grateful for the trust shown by our existing shareholders and were happy to see that many of them increased their existing commitment,” said Florian Kübler, co-founder of LEND. “We are thrilled to welcome our new shareholders who all have vast experience in the areas of banking, management and venture capital, and who will actively contribute to LEND’s future success.”

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