Today we’ll talk about a Swiss company called Swisspeers. The name says pretty much everything. Swisspeers is a company based in Sweden that focuses on enabling peer-to-peer lending by using the blockchain technology.
Unlike many other cryptocurrency lending companies, Swisspeers does not have a lending program in which you can obtain a fixed rate that is so unbelievable that you will believe that it is surely a scam. The company is the gateway between people who have money to loan and small to medium-sized companies that need this money.
How does Swisspeers Work?
The company uses smart contracts on the Ethereum blockchain to enable two parties to define and make transactions that can help them both. You can get both loans for your company or lend the money yourself by using this company.
If you are looking for a loan, you can get up to 50,000 Euro by using the online platform of the company. If you are an investor, you can lend your money and get an attractive return like 3-8% monthly. This helps both sides because both the lenders and the companies will help themselves mutually.
How to Use Swisspeers?
If you are an investor, you only need to have money available and select projects to offer your loans. You will have all the information about the companies that you will be investing in and you will have the guarantees that you will be paid back.
If you are a company looking for a loan, you have to pass a credit test before you can get a credit rating and participate on Swisspeers but it is still considerably easy to do it. You will be able to select the best prices to get your money from the platform and then you will be able to pay it monthly.
Who Founded Swisspeers?
This company was founded by Swiss developers and financial investors and experts in 2016. The main creators of the company are Alwin Meyer, Stefan Nageli and Andreas Hug. The idea to create the company was born when the trio decided to create a company that could make the Swiss economy better.
There are many entrepreneurs and workforce in Sweden but sometimes they lack the initial investments to begin their businesses. Because of this, the company decided that it would be great to give these companies a chance to compete in the market.
The Swisspeers Verdict
This company is focused in Sweden so, naturally, you will be considerably more interested in what Swisspeers has to offer if you are from there. The company seems to be offering a really reliable way for small to medium-sized companies to get investments.
While large companies certainly have better options (and they generally always had), this company can make a difference for smaller companies in Sweden that are trying to break through and start a business.