– the business case

Following the previous post on here is a look on the business case of the smava startup and the chances for profit. Currently Smava earns only when a loan funds. Smava charges the borrower a 1% fee of the loan amount.  Only other fee are 10 Euros per dunning letter (which is covers the costs of the […]

Smava starts p2p lending in Germany

Startup starts offering p2p lending in Germany. Anybody can lend or request a loan online. Borrowers, after registering will by checked for identity and credit grade by smava. Smava uses PostIdent (a service offered by German postal service Deutsche Post) to verify the identity of the borrower and relies on credit report information from […]