One of the fifth largest Swiss banks, PostFinance, a subsidiary of Schweizerische Post which holds over 119 billion CHF on its balance sheet, today announced a joint venture (JV) with German-based Lendico Schweiz AG.
Lendico operates a global online credit marketplace, fueled by fintech, and its JV with PostFinance will provide crowdfunding for small and medium-sized enterprises (SMEs) in Switzerland, according to an official joint announcement.
Our vision for this cooperation is to take crowdlending in Switzerland from niche status to the mass market.
Corporate credit for SMEs
The synergy will commence during the fourth quarter (Q4) of 2016, and will bring Lendico into the ... (read more)