Lenndy

Startup Name: UAB "Lenndy"

Category: Fintech

Stage: Post Seed

Country: Lithuania

Startup Website: www.lenndy.com/en

About: LENNDY – the first lending marketplace in Lithuania. Loan issuers (loan issuers that provide loans with recourse) sell prior issued loan obligation rights on the platform. Investors have the ability to employ their funds and receive higher returns than keeping money on deposit or using other traditional investment tools. In LENNDY platform, investors have the opportunity to purchase already issued credit agreements, rights and commitment to earn 12-15% per cent of annual interest. In the platform contracts are signed as well as BUYBACK guarantee and technological solutions protect investors funds. The system allows more of the public to participate directly in the national economy, the promotion of small and medium business growth.