Fagura is a peer-to-peer lending marketplace that connects borrowers seeking loans up to €20,000 at competitive interest rates with investors looking for consistent returns between 10% and 20%. The platform utilizes automated credit scoring algorithms to evaluate loan applications, facilitating quick funding for businesses while providing a transparent investment opportunity for individuals.
Funding
$1.1M 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
Small and medium-sized enterprises (SMEs) and individuals in Eastern Europe often face challenges in accessing traditional financing due to stringent requirements and lengthy approval processes. Investors also seek transparent and accessible opportunities to generate consistent returns.
Solution
Fagura is a peer-to-peer lending platform that directly connects SMEs and individuals seeking loans with investors looking for returns. The platform offers a streamlined application process and automated credit scoring algorithms to facilitate faster funding decisions. Investors can browse loan requests, invest in businesses, and reinvest monthly payments or withdraw them. Fagura also employs investment recovery procedures.
Target Audience
Fagura targets SMEs and individuals seeking loans, as well as individual investors interested in peer-to-peer lending opportunities.
Features
- Online loan application process for SMEs and individuals
- Automated credit scoring algorithms for risk assessment and interest rate calculation
- Investment options starting from €25
- Auto-Invest feature for automated portfolio diversification
- Secondary market for increased liquidity
- Mobile apps for both iOS and Android