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Lenderwize Reporting Success in Online Lending Telco Platform
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Lenderwize Reporting Success in Online Lending Telco Platform

Lenderwize Reporting Success in Online Lending Telco Platform

Fintech Nexus Staff·
EuropeFintechNews RoundupOnline Lending
·Mar. 27, 2017·1 min read

Marketplace crowdfunding platform Lenderwize is reporting success as the first online lending and project financing platform for telecommunications businesses; the firm offers invoice financing, project financing and equity financing with rates of return averaging 6% to 14% annually; they recently surveyed telcos in the industry finding among other statistics a cash flow market opportunity of $22 billion; the platform now has $7.3 million in borrower requests and $10 million committed from institutional investors and six equity investors; it is also expecting new capital from business development presentations at TechFluence’s Fintech Meets Telecom in Frankfurt and the Fintech Circle and AngelDen’s Pitch in London.  Source

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    Fintech Nexus Staff

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