GVK, which is active in the field of SME P2P lending, i.e. loans to small and medium-sized enterprises, managed to fund roughly EUR 6.5m in the period between November 13th, 2014 and January 23rd, i.e. within 71 days (on average EUR 91,549 per day). That meant a significant improvement to the fall 2014, when the average was EUR 83,871 per day. In October, GVK had funded EUR 2.6m of SME loans in October 2014 (+47% y-o-y).
Looking at GVK’s website today, we note that the number of loans funded as increased by another EUR 1m since last week to now EUR 49,503,100:
This means that the average amount funded was EUR 142,857 per day, over the last week. This is very strong indeed and shows that the P2P SME business was a brilliant investment for TrustBuddy. We look forward to the rollout in the Nordics and across Europe.