Crowdlending is a branch of crowdfunding. Rather than just putting your money towards a project or a gadget, crowdlending offers the opportunity to get your money back – with interest. “It’s an alternative to putting your money in the bank, just with a much better return on your money,” explains Esben Bistrup Halvorsen, CEO and partner. Lendino gives business owners the opportunity to apply for a loan through their website. Once the loan has been accepted and verified, it is posted online. People can then give money towards that loan and every month they will receive money from repayments and interest. This continues until the loan has been paid off.
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