Zencap

Zencap Global Services
Private
Industry Financial Services, Software
Founder Dr. Christian Grobe, Dr. Matthias Knecht
Headquarters Berlin, Germany
Area served
Germany, Spain, The Netherlands
Products Peer-to-peer lending
Number of employees
65
Parent Rocket Internet
Website Official website

Zencap is a multinational company, operating a peer-to-peer lending platform, which allows 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] aims 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]

Recently, the company was merged with Funding Circle, being active on UK and US.

Origin

The company, based in Berlin, was founded in March 2014[7][8] by Christian Grobe and Matthias Knecht, with support from Rocket Internet.[1][7][9]

Lending

The business model resembles the US peer-to-peer lending platform Lending Club and UK-based company Funding Circle.[10] Zencap facilitates small business loans from 10,000 to 250,000 euros.[1] Zencap determines whether the borrower is creditworthy and assigns a credit grade that determines the payable interest rate and the fees. Zencap itself charges borrowers a 1% to 4.5% origination fee. The loan period can range between 6 and 60 months while the loan can be repaid without an early repayment fee at any time.[11] Conditions vary between countries.

Der Tagesspiegel quoted founder Christian Grobe, "We are very strict with the risk assessment."[1] Once approved, businesses post their loan request on the Zencap marketplace, where private lenders are able to choose which businesses they want to lend money to.[12]

See also

References

  1. 1 2 3 4 5 Neuhaus, Carla (15 June 2014). "Woran Berliner Start-ups arbeiten". Tagesspiegel. Retrieved 12 December 2014.
  2. Neuhaus, Carla (15 June 2014). "Woran Berliner Start-ups arbeiten". Tagesspiegel. Retrieved 12 January 2015.
  3. Hackmann, Felicitas (7 February 2014). "Zencap is the latest investor-investment matching platform — now with credit, not equity". Human Ipo. Retrieved 12 January 2015.
  4. "Rocket Internet's Credit Marketplace Zencap Will Help SMEs Ditch Bank Loans". Human Ipo. 31 March 2014. Retrieved 12 December 2014.
  5. "Zencap crea una "nueva alternativa" de financiación para las pymes andaluzas". Retrieved 2015-01-12.
  6. "Geld leihen von Privatpersonen: 5 Millionen Euro erfolgreich finanziert". Zencap. Retrieved 13 February 2015.
  7. 1 2 Drost, Frank Matthias (22 May 2014). "Jungunternehmer finanzieren den Mittelstand". Welt. Retrieved 12 January 2015.
  8. http://www.deutsche-startups.de/verzeichnisse/startups-a-z/zencap-deutschland-gmbh/
  9. Räth, Georg (31 March 2014). "Das neue Rocket-Startup – Lendico für den Mittelstand". gruenderszene. Retrieved 10 January 2015.
  10. Hesse, Martin (31 March 2014). "David gegen Goliath". Der Spiegel. Retrieved 12 January 2015.
  11. Jarotschkin, Viktor (5 September 2014). "Innovative Mittelstandsfinanzierung mit Zencap". fuer-gruender.de. Retrieved 1 January 2015.
  12. "Start-Up-Schmiede will den Mittelstand finanzieren". Handelsblatt. 30 March 2014. Retrieved 10 January 2015.
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