Lenndy operates as a lending marketplace where registered investors can purchase claim rights of the underlying loans. It is similar to crowdfunding except for the fact that loans are already issued to borrowers by loan originators. Lending marketplace is considered to be more advanced compared with traditional crowdfunding platforms as borrowers receive funds much quicker. Moreover, investors feel more secure because loan originators sell only up to 95% claim rights of the underlying loans. Loan originators have years of industry experience and competencies to issue best quality loans.
Loan originators currently offer four types of loans on Lenndy for registered investors:
Lenndy operator provides secure technical solutions for clients as well as main information regarding the loan and the borrower such as:
Start your registration proccess by clicking on “Register” at the top right corner of your screen. New window opens where you can fill in your email, phone number and password. Lastly, read user terms and conditions, check the corresponding box and click “Register”. Email with activation link is instantly sent to the provided email address (it might end up in your SPAM folder). Once you click on the activation link, your registration will be successfully completed.
Click on “LOGIN” in order to access your account. You will need to enter your user name and password or use social media like Facebook to sign in.
In order to invest at Lenndy you need to connect your existing Paysera account or open a new one. Paysera is a licensed e-money institution, which has the right to execute the activity related to issuance of e-money and provision of payment services all around the European Union. Lenndy DOES NOT hold or manage your funds. You can find more information regarding Paysera activation here.
After you successfully connect your Paysera and Lenndy accounts, you are able to invest in all loans listed on Lenndy lending marketplace.