TrustBuddy (TB) is the world's largest short-term peer-to-peer lender. TB is essentially an online marketplace to help consumers find micro loans quickly and provide investors with better returns. There are no middlemen, no banks or lengthy delays. TB offers borrowers a 30-day loanproduct in ranging from EUR 50-600 in 7 European countries.
TB offers two products of which you should expect a minimum of 12% in our Standard product and 6% return pa. in our low risk offering. TB Standard is our 30-day loan product held until repayment while TB Safe is our annuity product only offered to borrowers with strong proven payment record.
|Last 3 months||Last 6 months||Last 12 months||Last 3 years|
|TB Standard||2,26 %||5,08 %||12,09 %||55,40 %|
|TB Safe||1,24 %||2,84 %||6,74 %||24,58 %|
|PONCX||0.81 %||1.79 %||-1.07 %||9.67 %|
|XWD.TO||0.56 %||11.85 %||21.79 %||36.91 %|
TB declines on average 60% in the Nordic region and 90% in Poland and Spain of all loan applications. All borrowers needs to qualify our strict credit evaluation and thus can we sustain a very low loss rate of around 3-4%. Since start we have had a loss rate of approximately 1%.
TrustBuddy has an impressive track record, having achieved over 50% return to lenders since 2010 (target min 12% p.a.). TrustBuddy is currently accepting borrowers from Norway, Sweden, Finland, Denmark, Poland, Spain and Estonia.
The P2P market is at its infant stage but has already matched US$4.5bn of loans globally (year to date) and by 2016 the market is expected reach US$20bn (10-15% growth per month predicted growth by International P2P players). Our typical lenders are average savers as most professional investors are restricted from this alternative investment.
Jens Glaso, CEO, came up with the idea of TB in the mist of the financial crisis (2009) and has since then managed to grow the business from 24m SEK of match loans in 2010 to 252m SEK in 2012 and guiding the market to 650m SEK in 2013.
TrustBuddy International AB (publ) is one of the first in the world to focus on arranging loans and capital provision between buddies in Europe in an organised manner. The company is listed at NASDAQ OMX First North Stockholm, ticker: TBDY.
Account Type (i.e. Easy Access, Fixed Bond)
Savers account, easy access
Annual Servicing Fee
Is it available to businesses?
Yes, please email email@example.com for more information
Minimum Initial Deposit
Term Period (i.e. how long is you money invested)
No lock-up, 90% liquidity at any point of time, interest flows into account as the loans are paid back. If you decide to withdraw your capital before the loans have been paid back you will lose that potential interest
Investment Choice (i.e. can the lender choose where they invest their money, or does TrustBuddy allocate their funds?)
No, TB has a fully automated system so lender doesn't have to spend time looking for loans
Target minimum return 12% pa (net of losses). Interest payments occur when a loan has been paid back, thus it is random in nature
Foreign Exchange (FX) Cost
Lenders who invests from Germany, Netherlands, UK or USA will have to stand for the FX cost from their respective countries. Once on the platform TB will stand for the transfer cost between countries but all lenders are subject to FX fluctuations.
All lenders need to file their individual interest with the annual tax report to the relevant country regulator (i.e.. in the UK it is the HM Revenue & Customs)