SaveLend launches manual lending product
SaveLend Group has launched a manual lending product called Project Finance, which will allow investors to place larger amounts into individual property and business loans.
Project Finance was created in response to “strong” investor demand, the platform said. It had previously only offered auto-lending products, where a robo-adviser automatically spreads investor funds across a variety of similarly-bundled loans.
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“We see Project Finance as an important milestone for SaveLend Group,” said Ludwig Pettersson, chief executive of SaveLend Group.
“It’s not just a step forward in diversifying our offerings, but also an excellent channel for attracting new capital to the platform.
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“Our ambition is to continually develop and improve the experience for our investors, and we believe this new product will be very well received among sophisticated investors looking for greater influence and customization options in their investments.”
The Swedish peer-to-peer lending marketplace said that Project Finance was launched on 13 November following a successful pilot study. The study found that loans which were presented via email and handled manually “received positive reactions and closed very quickly, indicating a strong demand for this type of investment opportunity.”
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