2 years after launch: 1000 funding requests and 15 billion processed
Loanboox continues its strong growth: Almost two years after its launch, the 1000th financing request has now been submitted on the platform for public corporations, large companies, institutional investors and banks.
In total, the Swiss fintech has handled an enquiry volume of almost 15 billion, more than 6.5 billion of which were successfully concluded.
Loanboox’s growth has accelerated strongly recently. In the first half of 2018 alone, cities, municipalities and municipal companies from Switzerland and Germany submitted around 380 loan enquiries. Compared to the same period in the previous year, this corresponds to an increase in the volume of enquiries of 150 percent.
Stefan Mühlemann, Founder & CEO von Loanboox:
We are moving at a very high level. Both the number of enquiries and the number of transactions are increasing rapidly. This shows that Loanboox is increasingly being seen and used as a preferred alternative to conventional credit procurement.
The average loan volume requested is CHF 10 to 15 million, with the largest transactions amounting to CHF 200 million. Maturities range from a few weeks to over 40 years, with an average of 2.5 years.
90 percent returning customers
Meanwhile, 300 investors and more than 900 borrowers are connected to the Loanboox platform. Since this week, the platform is also live in Austria and France. “Our customers are very satisfied – across all countries. Almost 90 percent of expiring loans are renewed again via Loanboox,” reveals Mühlemann.
Swiss Fintech Award winner Loanboox is the independent money and capital market platform for public corporations, large companies, institutional investors and banks.