The major reason for Northmill purchasing the platform was that the code base were of very high quality. With a state of the art technical platform, the foundation is laid for creating an innovative P2P product.
The concept of peer to peer lending is a growing and thriving business in the United States and other countries with companies like Lending Club and Prosper.
As a swedish fintech company, we see huge possibilities in creating a new marketplace matching lenders with borrowers. However, we do not believe in the model that is out there on the market right now and if we were to launch, we would do something different and much better.