Zank

lendingp2p lending

FOUNDING YEAR: 2013
LOCATION: Spain
Last Update: 01/05/2020

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About

Zank is a platform that brings investors and the creditworthy people who are looking for a loan together. Zank was founded in 2013 by three MBA graduates of IESE Business School and very soon received seed investments from Idea Ventura and Plug&Play TechCenter, a Silicon Valley accelerator with offices in San Francisco and Valencia.

Focus

PRODUCTS & SERVICES

Zank is an online lending platform that allows people to borrow a loan.

REVENUE MODEL

Zank's revenues are obtained through small commissions that apply to both investors and borrowers.

MAIN CLIENTS

Retail consumer

EXISTING PARTNERSHIPS

The company has partnership agreements with 100+ sales points.

COMMENT

Zank claims that it has lent over 3.5 million euros, with a portfolio of 4,000 investors registered till now(Apr 2017)

Traction

VALUATION / MARKET CAP:

$7.91 M in 2017

TRACTION COMMENT:

Zank aims to connect creditworthy people seeking loans with fairer interest rates with investors who want to obtain better profitability from their savings(Apr 2017).

People

FOUNDERS

Oriol Chimenos

Luis Reig

Leonardo Ramírez

NUMBER OF EMPLOYEES

1-10

INVESTORS:

Crowdcube

Esade Ban

Idea Ventura

Plug and Play Spain

Momentum

FUNDED

NO

TOTAL FUNDING

$211 K

DATE OF LAST FUNDING

Apr 2017

SEED & PRIOR FUNDING

$211 K

SEED CLOSED ON

Sep 2013

LISTED

NO

COMMENT

Cumulative equity crowdfunding: $818 K(Apr 2017)

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