Lend acquires Lendico and enters into partnership with PostFinance
Our portfolio company, SWITZERLEND, the parent company of the crowdlending platform LEND.ch, and PostFinance entered yesterday in a closed partnership. Lend will take over 100% of the PostFinance subsidiary Lendico Schweiz AG. In return, the financial service provider will acquire a participation in LEND and will bring its strong brand to the relationship. By acquiring the SME credit marketplace Lendico, LEND is starting the consolidation of the Swiss crowdlending market. The integration will be fully completed in a few weeks.