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6 Alternative Lending start-ups in Switzerland to watch out for in 2023

By Gloria Methri

December 27, 2022

  • CreditGate24
  • Crowdfunding
  • Digital Lending
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lending platforms, SwitzerlandThe Lending industry is witnessing a major shift from traditional to new, unconventional lending models. New entrants such as FinTechs are seamlessly integrating lending with other ecosystems.

Alternative data is also gaining huge importance for decisioning, and new-age lenders are leveraging technology to make the process faster, more accurate, and more seamless. There are 47 Alternative Lending startups in Switzerland.

Here are 6 exciting alternate lending platforms to watch out for in 2023:

Founded in 2018, ZoodPay is an online platform for point-of-sale financing. Its solution enables users to purchase products and repay in monthly instalments within the partnered network. Users can split the repayment period and amounts. ZoodPay also offers a portal allowing businesses to offer a ‘buy now, pay later’ option to the end customer. Its application is available on Android and iOS platforms.

Based in Zurich, LEND provides an online P2P lending platform for personal and business loans. The platform uses Swiss banks to transfer money and uses Swiss currency. It charges a fee for arranging the loan, managing the associated documentation, loan payment processing, and providing support to its members. Investors earn returns, and borrowers benefit from low interest rates.

Teylor is a cloud-based lending solution for businesses. Its solution enables banks and financial institutions to automate digital lending for small and medium-sized businesses. The platform features a proprietary algorithm for credit scoring and also features a lender portal enabling businesses to apply for loans from financial institutions.

Winterthur-based Swisspeers is a P2P marketplace for business loans. It offers a platform that connects businesses with investors for loan products such as acquisition loans, working capital loans, commercial mortgage financing, and refinancing options with customized terms, amounts, and repayment options.

Foxstone is a crowdfunding platform for real estate projects. It allows investors to invest in residential buildings and real estate development projects in Switzerland. The platform offers both equity-based and LC options.

Online P2P lending platform CreditGate24 offers business and personal loans. It connects borrowers directly with private and institutional investors. Investors can invest a minimum amount of 500 CHF. Borrowers can avail of the offer by providing their basic details.

Once the borrower approves and signs the project, it is posted on the platform. Once the project is fully funded, funds are disbursed to the borrower’s account.

Also read: Global Lending Vendors & Landscape Report Q4 2024

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