The startup offers an online crowdlending platform that connects borrowers with private and institutional lenders through a streamlined credit application process. This platform enables borrowers to access flexible financing options while allowing lenders to select loans that align with their specific risk-return profiles.
Funding
$7.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional lending processes often involve cumbersome paperwork and lengthy approval times, creating barriers for both borrowers seeking capital and investors looking for opportunities. Borrowers may struggle to access flexible financing options, while lenders face challenges in efficiently deploying capital and managing risk.
Solution
CG24 operates an online marketplace lending platform that directly connects borrowers with a diverse network of private and institutional lenders, streamlining the credit application and funding process. The platform offers borrowers access to a range of financing solutions, including SME loans, real estate financing, and private credit, while providing investors with opportunities to invest in a variety of asset classes and risk profiles. By leveraging technology and automation, CG24 aims to create a more efficient and transparent lending ecosystem for both borrowers and lenders.
Target Audience
CG24 serves Swiss SMEs and private individuals seeking loans, as well as private and institutional investors looking for alternative investment opportunities in the private debt market.
Features
- Online application process for borrowers with quick credit checks
- Marketplace lending platform connecting borrowers and lenders directly
- Investment opportunities in private, business, and real estate loans
- Secondary market for investors to buy and sell loan shares
- Risk management tools for investors, including diversification options
- Automated processes for loan application, approval, and disbursement
- Loan Predictor tool leveraging machine learning for SME credit assessment