In an effort to democratize the lending process, one Swedish company has created an online marketplace where lenders and borrowers can connect without the costly interference of bankers.

Lendify is reducing costs, securing great rates for borrowers and healthy returns for lenders by cutting out the middlemen of the credit and banking process. Those who invest in loans through the platform receive the interest that the borrower pays but also carries the credit risk. By investing in multiple loans, an investor spreads the risk and so-called auto-investment accounts the startup offers will automatically put your capital investment into Lendify's credit loss fund which secures your capital investment.


Another welcome innovation for Sweden’s booming startup scene. For more info, see