in Uncategorized

#TrustBuddy: Very strong week for #GVK

One week ago, we could report that business is going very well for TrustBuddy’s latest acquisition Geldvoorelkaar (GVK).

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:

gvkThis 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.

Nordic Investor


Related Posts

What is your opinion? Let us know