|Description||European P2P Lending Plafform|
|Seed, 8/09 ||€75k|
|Seed, 7/11 ||€40k|
isePankur aims to establish an open pan-European peer-to-peer credit platform connecting people and companies with excess capital in stable economies with consumers in growing credit-thirsty markets in Central and Eastern Europe. The company has services and product offerings in the following two general areas: 1) P2P Lending, 2) online dispute settlements via an arbitrage court, and 3) financial technology licensing activities for other peer-to-peer companies.
The Company has since 2009 been operating isePankur.ee, currently an Estonian-based peer-to-peer banking platform providing the most profitable social banking loans across the globe with annualised returns averaging at 20 per cent. This has been achieved by targeting mid-market and sub-prime borrowers with short-term (up to 2 years) loans whilst aggressively managing the debt recovery process.
Borrow at isePankurAdded: 5/31/11
Invest at isePankurAdded: 5/31/11
Borrow and invest at isePankurAdded: 5/31/11
Peer-to-Peer Banking at isePankurAdded: 5/31/11
|Launch Date||January 10, 2011|
Consumer credit companies often experience that legal litigation is too cumbersome and unprofitable for small loans. The litigation can drag on for months, generate extensive additional costs though state and lawyer fees, and require attention from several staff members. This problem is tackled by extending the Companyâ€™s electronic alternative dispute settlement platform used in Estonia into a pan-European arbitrage court facilitating fast and transparent cross-border dispute settlements within EU. The target customers are collection companies, other consumer credit companies, telecoms and retailers managing their internal consumer retail financing operations. The Company has been able to decrease the average litigation time on disputes in the peer-to-peer platform 83% from 6 months to 1 month and associated costs 90% from 250 euro to 50 euro per case using the concept.
|Launch Date||February 23, 2009|
The Company focuses on creating a pan-European peer-to-peer banking platform connecting capital supply and demand within countries and across borders providing lower interest rates to borrowers whilst higher returns to investors. Investors do not have access to simple, medium-risk, high-yield products whilst there is also a lack of easy-to-apply-for, cheap, short-term loans in the range of â‚¬100 to â‚¬5000. The company intends to fill those gaps by matching investors from developed Western economies with borrowers from quickly developing Eastern and Central European markets. The CEE markets have comparatively limited competition in the consumer credit markets hence the interest spreads for even low risk loans are staggering with APR-s averaging around 20% p.a . The Company does not provide loans or neither collects investments or deposits; instead our largely automated platform facilitates transactions between the market participants with revenues generated with loan success fees.