Geldvoorelkaar (GVK), the Dutch success story recently acquired by TrustBuddy, has reached its next milestone today. Since its inception, the SME P2P lending provider has now mediated loans worth more than EUR 55m.
Two of the recently funded projects by GVK were WakaWaka (EUR 500.000 at 6% interest p.a.) and K.J. Wakker Holding (EUR 375.000 at 8% interest p.a.), both of which were filled in a matter of days despite their substantial size. This is yet another sign of how high the demand for alternative investments with sensible yield is.
We believe momentum will continue to be positive in the Dutch P2P lending market. The Dutch government recently decided to move the maximum cap for money to be invested in crowdfunding campaigns (including P2P lending). Not to forget, GVK has already started to explore an expansion into the Belgian market and TrustBuddy announced last week that it will start its SME lending operations in the Nordics under the brand “Crowdfunding Society”. As we could report last week, founder and major shareholder Jens Glasö participated recently at a P2P conference and stated in a panel discussion that the SME product would be launched in Sweden on April 8th. An official statement regarding the exact timing of the launch was never made and here tonight we know that the launch did not take place on April 8th. Nevertheless, we believe that the launch is imminent and interested lenders can already sign up at www.crowdfundingsociety.com.