Crowdfunding Service isePankur to Conquer Europe. Now Open for Borrowers from Spain, Finland and Estonia
Tallinn, Estonia, November 01, 2013 --(PR.com
)-- Nordic based crowdfunding
service isePankur sets its sights to conquer Europe and now offers low interest consumer loans in Spain, Finland and Estonia. isePankur’s peer-to-peer lending
service is already open to investors from 28 European countries.
isePankur has to date processed 18.3 million euro of loan demand in Finland, 1.4 million euro in Spain and whopping 31 million euro in Estonia. Loan originations are growing at a pace of 20% month-on-month and monthly originations will exceed 1.1 million euro in October.
isePankur will offer Finnish and Spanish consumers low monthly payment unsecured loans that will provide a much needed alternative to bank loans, credit cards and payday loans. Investors will be able to gain access to stock market returns and wide diversification without needing an MBA to understand the terms. isePankur has for the past five years been able to deliver annualized returns of over 19%.
“Despite the Spanish unemployment rate being very high the absolute number of employed, well-paid and stable consumers is still higher than in all Nordic and Baltic countries combined. Finland is a close neighbour of ours and we understand their business environment. In addition there are a large number of payday loan providers on both markets, creating a perfect opportunity for isePankur to help the locals out of expensive loans and save money by reducing their monthly payments,” commented Pärtel Tomberg, CEO of isePankur on why the company has decided to enter these particular markets.
Tomberg added that crowdfunding is an excellent concept to deliver low interest loans to consumer and solid returns to the investors at the same time. Investing on isePankur is easy and simple and you can start with as low as 5 euro. Already today people from 28 different European countries are using isePankur to grow their savings. The single market concept means that a housewife from Estonia can invest side-by-side with an entrepreneur from Germany in order to help people with expensive loans out of vicious debt-cycles.
isePankur is a Nordic based crowdfunding service where individuals can borrow and lend among each other. isePankur takes care of the administration, borrowers get a low rate loan and lenders get a high return on their investment. isePankur has more than 35,000 customers across Europe and Forbes magazine elected isePankur as one of the Top 5 crowdfunding services in Europe. The average loan rate at isePankur is 25% and the average return for investors 19%.