The new product presents an interesting investment alternative for investors and an additional financing measure for SMEs in this low interest rate environment, according to a statement from creditworld and Vicenda. It offers SMEs a new way to access funding for growth, acquisitions or refinancing in an unbureaucratic yet secure way.
The two companies are aiming for an investment volume of 100 million Swiss francs, which will be distributed to Swiss SMEs in tranches of 300,000 francs to 10 million francs. Companies from all sectors with sales of 500,000 francs to 30 million francs are eligible.
Investors have committed more than 40 million francs to date. The gross return targeted is 5 per cent, and the minimum investment is 150,000 francs.
“Banks are increasingly restricted in their lending to SMEs,” said Philipp Schneider, co-founder of creditworld. “We can close the resulting credit gap with private and institutional debt financing. As a fintech company and with our digitized processing we can also ensure quick and efficient implementation of the loan approval process.”
Vicenda, an independent investment manager, is responsible for the investment analysis as well as for structuring and monitoring the portfolio. creditworld, a lending platform, is responsible for the sourcing and screening of loans. It will also provide an independent rating in partnership with Euler Hermes.
Vicenda and creditworld are both located in the Greater Zurich Area.
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