P2P Lending in Switzerland

The Swiss Market for Crowdlending

The newest and most comprehensive report on crowdfunding in Switzerland was carried by Prof Dr Andreas Dietrich and Simon Amrein from the Institute of Financial Services ZUG under the Hochschule Luzern. The institute monitors crowdfunding activities in Switzerland and publishes figures on an annual basis in an effort to improve transparency and identify key market trends.

The latest report is from 2019, which means crowdfunding platforms that were active in Switzerland in 2018 is included in the examination. Thus, in 2018, the total crowdfunding in Switzerland had a funding volume of 516 million CHF that was split between five different crowdfunding models: Crowdinvesting (equity-based crowdfunding), crowdlending (P2P lending), invoice trading, reward-based crowdfunding and donation-based crowdfunding. For our purpose, we will focus mainly on crowdlending that accounted for just above 50% of the total market in 2018 with a funding volume of 261.1 million CHF.  

Below, you will find a complete list of all peer-to-peer lending platforms in Switzerland, followed by a thorough walkthrough of the latest data on peer-to-peer lending in Switzerland.

Table of Contents

Best Crowdlending Platforms in Switzerland

Here, you will find a list of the top crowdlending platforms in Switzerland. Under each platform, you will find a brief description of the platform and the type of crowdlending available for investing on the platform. The list is sorted alphabetically, but to promote platforms contributing to transparency in the market, we have placed the platforms sharing data about their funding volume and other relevant statistics on the top. If you see a platform missing, please feel free to submit the platform by using the submit formula located in the sidebar of this page

CreditGate24

CreditGate24 facilitates crowdfunding in the area of SME business lending and personal lending at a minimum investment of 500 CHF. The platform offers financing to companies that need liquidity, working capital, project financing, fixed assets, research and development, refinancing among others. For personal borrowers it is possible to apply for loans to cars, home and living, real estate, private health care, education, refinancing among others. CreditGate24 was founded in 2015 by Christoph Mueller and Stefan Benkert as a Swiss company. The office and company is located in Zurich, Switzerland and exclusively offers financing to Swiss residents and companies. All loans are in Swiss Franc(CHF).

Anyone with a Swiss bank account can invest on CreditGate24 except USA and blacklisted countries.

Swiss companies and residents above 18 can apply for a loan if they follow these conditions:

  • Majority of ownership
  • At least a B residence permit (if no Swiss or Liechtenstein ID)
  • Residence of at least 6 months in Switzerland or Liechtenstein
  • Successful identity and money laundering checks
  • Regular income and/or collateral/assets

Swisspeers

Swisspeers facilitates crowdfunding in the area of SME business lending to Swiss companies at no specific minimum investment (defined by the borrower). The platform offers financing whether it is for growth or redeeming an overdraft facility, such as restructuring, expanding business, digitizing, working capital among others. Swisspeers was founded in 2015 by Alwin Meyer, Andreas Hug and Stefan Nägeli as a Swiss company. The office and company is located in Zurich, Switzerland and exclusively offers SME business lending to Swiss companies. All loans are in Swiss Franc(CHF).

Any person of at least 18 years old or companies registered in Switzerland all with a Swiss bank account can invest on Swisspeers.

Any Swiss company with at least 2 years of financial statements can apply for a loan. Pure finance companies are the only ones who cannot apply for a loan on the platform.

Lend

Lend facilitates crowdfunding in the area of SME business lending and personal lending at a minimum investment of 1,000 CHF. The platform offers financing to persons for health care, housing, renovating accommodation, refinancing among others. For businesses financing can be used for growth, purchasing assets or just finance operating resources. Lend was founded in 2015 by Andy Siemers, Florian Kübler, Michel Lalive d’Epinay and Tom Stierli as a Swiss company. The office and company is located in Zurich, Switzerland and exclusively offers financing to Swiss residents or companies registered in Switzerland. All loans are in Swiss Franc(CHF).

Any person of legal age, residency in Switzerland and a Swiss bank account can invest on Lend.

Any person of legal age with residency in Switzerland, a Swiss bank account and regular income can apply for a personal loan on Lend. For a business loan, the company has to have 2 years of financial statements, majority of assets in Switzerland, annual sales of at least 100,000 CHF and no open debt collections.

Raizers

Raizers facilitates crowdfunding in the area of SME business lending and real estate lending to Swiss and French companies at a minimum investment of €1,000. The platform offers financing for business development, working capital, rehabilitation of properties and purchase of real state among others. Raizers was founded in 2014 by Grégoire Linder as a Swiss company. The headquarter is located in Paris, France and also offers financing to French property and SME companies from their office in France. All loans are in Swiss Franc(CHF) or Euro(EUR).

Any citizen from the European Union with 18 years old or above.

Swiss and French companies with a financing volume up to € 8,000,000 for a period of 60 months or less.

Splendit

Splendit facilitates crowdfunding in the area of student lending to any person studying in Switzerland at a minimum investment of 1/20 of the financing amount. The platform offers financing to any student of a Swiss university, school of applied science or advanced training course such as MBA, FMH and MAS among others. Splendit was founded in 2014 by Florian Kübler and Michel Lalive d’Epinay as a Swiss company. The office and company is located in Zurich, Switzerland and exclusively offers financing to people studying on a Swiss school or course. All loans are in Swiss Franc(CHF).

Any individual with a Swiss bank account can invest on Splendit.

Any national and international student that is already or about to study in a Swiss university or advanced training course (FMH, MBA, MAS/DAS/CAS) can apply for a loan on Splendit. 

Acredius

Acredius facilitates crowdfunding in the area of SME business lending to Swiss companies at a minimum investment of 200 CHF. The platform offers financing to any type of business and also allows borrowers to be startups without financial statements looking for a loan to purchase assets, research and development, growth among others. The platform was founded in 2017 by Ghassen Benhadjsalah and Tareck Raafat as a Swiss company. The office and company is located in Zurich, Switzerland and exclusively offers financing to Swiss and Liechtenstein registered companies. All loans are in Swiss Franc(CHF).

Any person of at least 18 years old or companies with a Swiss or Liechtenstein bank account can invest on Acredius.

Any Swiss registered company with company address and bank account in Switzerland or Liechtenstein can apply for a loan on Acredius. Financing volumes from 5,000 CHF to 1,000,000 CHF and durations from 3 months to 5 years.

Advanon

Advanon facilitates crowdfunding in the area of invoice lending/receivables financing for established and start up businesses in Switzerland and Germany at a minimum investment of 50,000 CHF/EUR. The platform offers financing of invoices issued by German and Swiss companies to any other company, as long as the invoices has a value of at least 1,000 CHF/EUR and is not overdue or disputed. Advanon was founded in 2015 by Phil Lojacono, Philip Kornmann and Stijn Pieper as a Swiss company. The office and company is located in Zurich but also offers financing to companies in Germany that issues invoices to any other company. All loans are in Swiss Franc(CHF) and Euro(EUR).

Any Swiss or Germany resident that is willing to invest at least 50,000 CHF/EUR can lend on Advanon. Institutional investors are allowed.

Any company registered in Switzerland or Germany that have been operating at least one full year, have a yearly revenue of at least 100,000 CHF/EUR and an invoice to another company. The minimum invoice value is 1,000 CHF/EUR and it cannot be overdue/late or disputed.

Cashare

Cashare facilitates crowdfunding in the area of SME business lending, consumer lending and real estate lending to Swiss companies and individuals at a minimum investment of 100 CHF for private loans and 1,000 CHF for SME loans. Three different products are offered depending on the needs; Personal Loan(up to 1 Million of Swiss Franc), SME lending(up to 5 Million of Swiss Franc) and Real State Loans(up to 10 Million of Swiss Franc). Cashare was founded in 2008 by Michael Borter and Roger Müller as a Swiss company. The office and company is located in Hünenberg, Switzerland and exclusively facilitates financing to Swiss SME companies, consumers and properties. All loans are in Swiss Franc(CHF).

Any natural or legal person of at least 18 years old with a Swiss bank account.

The criteria for applying for a Personal loan is:

  • Be 18 or over
  • Have a regular and proven source of income
  • Have a valid and current residence permit in Switzerland or Liechtenstein
  • Hold a Swiss bank account
  • Not have any ongoing debt collection case or certificate of loss


The criteria for applying for a SME loan is:

  • Be a Swiss or Liechtenstein company registered in the commercial register
  • With at least 2 years of existence
  • Have a minimum turnover of 100,000 CHF


The criteria for applying for a Real State loan is:

  • Have a maximum loan-to-value ratio of 80% of market value
  • The financial burden may not exceed 40% of gross income
  • With a minimum size of mortgage of 250,000 CHF

Creditworld

Creditworld facilitates crowdfunding in the area of SME business lending to Swiss and Liechtenstein companies at no specific minimum investment but a requirement of committing to a binding investment amount over a specified period. The platform offers financing for working capital, predefined investment or growth project, company takeover and primary or subordinated mortgages for commercial real estate among others. Creditworld was founded in 2015 by Kai Ren and Philipp Schneider as a Swiss company. The office and company is located in Zurich, Switzerland and exclusively finances SME companies located in Switzerland and Liechtenstein. All loans are in Swiss Franc(CHF).

Any professional investor from Switzerland or Liechtenstein with a Swiss or Liechtenstein bank account that is willing to make a binding investment commitment can invest in the SME portfolio at Creditworld.

Any company registered in Switzerland or Liechtenstein with at least 2 years financial statement can apply for a loan on Creditworld. The financing volume is from 100,000 CHF to 25,000,000 CHF and a duration of 1 year to 10 years.

Creditfolio

Creditfolio facilitates crowdfunding in the area of consumer lending to Swiss residents at no specific minimum investment but committing to a binding amount for a period. The platform offers unsecured financing to persons with no specific use, whether the use of funds are for car financing or furniture it is possible to get a loan as long as they find you credit worthy. Creditfolio was founded in 2017 by Alex Hediger and Tobias Winkelmann as a Swiss company. The office and company is located in Basel and only offers financing to residents of Switzerland. All loans are in Swiss Franc(CHF).

Anyone at least 18 years old with a Swiss bank account can invest on Creditfolio.

Any legal person of at least 18 years old that have residency in Switzerland and a regular income of minimum 3,000 CHF can apply for a loan on Creditfolio.

Crowd4Cash

Crowd4Cash facilitates crowdfunding in the area of SME business lending and consumer lending to Swiss companies and individuals at a minimum investment of 500 CHF. The platform offers financing for 3 different products; Private loans(purchase of large acquisition, debt restructuring, personal projects, etc.) short-term loans and Company loans(assure liquidity, launch a new product, expand debt restructuring, etc.). Crowd4Cash was founded in 2016 by Andreas Oehninger, Daniel Mischler, and Roger Bossard as a Swiss company. The office and company is located in Zug, Switzerland but also facilitates financing to SME companies in Liechtenstein. All loans are in Swiss Franc(CHF).

Every person domiciled in Switzerland or in the principality of Liechtenstein or with domicile outside of these countries with a Swiss bank account.

Investors resident in the following countries can invest via a CHF Revolut:
Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the United Kingdom.

The criteria for applying for a Personal loan is:

  • At least 20 years old and judicious
  • No older that 65 years at the ending date of the credit contract
  • Domiciled in Switzerland for at least 6 months
  • Owner of a residence permit of the category C or permit B with at least 3 years living in Switzerland
  • No entry in the enforcement register for the last three years
  • A fix contract of employment and active in this job since at least 3 months

The criteria for applying for a Short-term loan is:

  • To be between 20 years and 60 years old for a financing need from 1,000 CHF to 5,000 CHF


The criteria for applying for a Company loan is:

  • Any company with a hub in Switzerland or Liechtenstein. If the company exist for less than 2 years they ask for additional guarantee or other collaterals.

Funders

Funders facilitates crowdfunding in the area of social lending and reward/donation based crowdfunding to Swiss individuals and companies at a minimum commitment of 50 CHF. The platform offers any type of project, small or big as either lending, donation or reward based crowdfunding and it is not allowed to apply for funding of commercial activity and therefor all loans are of social aspect. Funders was founded in 2016 by Luzerner Kantonalbank(LUKB) as a Swiss company. The office and platform is located in Lucerne, Switzerland and exclusively offers financing to Swiss projects with non-commercial activity. All donation/rewards and loans are in Swiss Franc(CHF).

Any legal person of at least 18 years old residing in Switzerland and any company with tax domicile in Switzerland can lend on Funders.

To apply for a loan on Funders the following conditions apply:

  • A person residing in Switzerland and an individual company registered in the commercial register with its registered office in Switzerland or
  • A legal person or a general or limited partnership with tax domicile in Switzerland

Hyposcout

HypoScout AG facilitates crowdfunding in the area of real estate lending to Swiss properties at a minimum investment of 50,000 CHF. The platform offers financing for interim financing, purchase of house without 20% equity, working capital or other SME business related uses but can put real estate as collateral and pensioned people that can’t take a mortgage on the property among other purposes. HypoScout AG was founded in 2016 by Fredy Piller and Oliver Scheuerer as a Swiss company. The office and company is located in Dübendorf, Switzerland and exclusively offers financing to Swiss property individuals. All loans are in Swiss Franc(CHF).

Any natural or legal person can register. Natural persons must be at least 18 years old.

Any individual or company with stable financial conditions that has real estate to put as security/collateral.

Lendora

Lendora facilitates crowdfunding in the area of consumer lending to Swiss residents at a minimum investment of 1/20 of the financing amount. The platform offers unsecured lending to all sorts of purposes decided by the borrower and can be anything from buying a new car, financing studies, repairing bathroom to financing the next vacation of the borrower. Lendora was founded in 2016 by Simon Pelletier as a Swiss company. The office and company is located in Nyon, Switzerland and exclusively offers unsecured lending to Swiss residents. All loans are in Swiss Franc(CHF).

Anyone with a Swiss bank account can lend on Lendora as long as your profession is not granting credit.

Any legal resident in Switzerland (Swiss citizen, C permit or B permit) of at least 20 years can apply for a loan on Lendora.

Swisslending

Swisslending facilitates crowdfunding in the area of real estate lending to Swiss properties at a minimum investment of 30,000 CHF(minimum investment of 5% of the total amount of the project). The platform offers financing for real estate projects helping their development and increasing their visibility to their network. Swisslending was founded in 2014 by Dominique Goy as a Swiss company. The office and company is located in Genève, Switzerland but also offers financing to property individuals within France and Luxembourg. Loans are in Swiss Franc(CHF) and Euro(EUR).

Any natural or legal person can participate in a project, as long as the investor has sufficient liquidity to invest. Natural persons must be at least 18 years old.

Swiss real estate developers with a financing volume of 500,000 CHF to 5 CHF million.

The real estate projects that Swisslending selects are based on:

  • The operator’s ability to build and the quality of his constructions
  • A controlled selling price which corresponds to market expectations
  • The coherence of the overall financial equation of the operation.

3 Circle Funding

3 Circle Funding facilitates crowdfunding in the area of SME business lending, consumer lending and invoice lending/receivables financing at a minimum investment of 1/20 of financing amount. The platform offers financing for consolidating, taking care of the unexpected, capital investments, opening of new location, expanding product ranges and hiring new staff among others. The platform was founded in 2015 by Anthony McCarthy as a Swiss company. The office and company is located in Zurich, Switzerland and exclusively offers financing to Swiss individuals and companies located in Switzerland. All loans are in Swiss Franc(CHF).

Any Swiss resident of at least 18 years old or company registered in Switzerland can invest on 3 Circle Funding.

Any individual of at least 18 years old or company registered in Switzerland can apply for a loan on 3 Circle Funding.

Crowdfunding in Switzerland

For a current view of the Swiss market for peer-to-peer lending and equity crowdfunding, you can visit our data-section for a monthly updated overview of platforms denominated in CHF. However, to have a greater historical complete overview, the data presented below will primarily be based on the Crowdfunding Monitor Switzerland 2019 report by Prof Dr Andreas Dietrich and Simon Amrein.

According to the report, a total of 37 crowdfunding platforms were active in Switzerland in April 2019 – and of these 19 were operating within crowdlending. The first crowdfunding platform to enter the Swiss market was the crowdlending platform Cashare in 2008. Since then more platforms have entered the market each year, but in 2018 the number of crowdfunding platforms operating in Switzerland dropped for the first time as four platforms withdrew from the market (Fengarion, bee Invested, moboo, and letshelp) and only two new platforms entered (Crowdpark and SIG Impact).

The total crowdfunding market in Switzerland in 2018 was 516.7m CHF split between crowdlending (261.9m CHF), crowdinvesting (204.9m CHF), reward- and donation-based crowdfunding (25.6m CHF), and invoice trading (24.3m CHF). Below, you can see a figure showing the development in Swiss crowdfunding from 2012-2018.

 

Statistics About Crowdlending in Switzerland

Crowdlending in Switzerland consists of three different business models: consumer crowdlending, business crowdlending, and real estate crowdlending (property crowdlending). In 2018, the crowdlending market in Switzerland had a year-on-year growth rate of 9.6%, growing from 186.7m CHF in 2017 to 261.9m CHF in 2018, which represents a significantly slow down compared to an average growth rate of 129.5% from 2012-2017. Like the previous years, business crowdlending represented the largest segment with a market share of 51,3%. However, the fastest growth came from real estate crowdlending that went from a funding volume of 23.1m CHF in 2017 to 70.5m CHF in 2018 corresponding to a growth of 205.2%.

Below, you can see how crowdlending in Switzerland has developed from 2015-2018.

When it comes to crowdlending in continental Europe, France had the highest funding volume of all countries with a total funding volume of €410.7 million, closely followed by Germany with a funding volume of €396.7 million. However, the UK is by far the biggest player in the European region with a total funding of £4,660 million. Thus, it must be assumed that Switzerland still has plenty of room for further growth going forward.

Taxation on Crowdlending in Switzerland

The legislation on financial markets in Switzerland is designed to be technologically neutral, why there are no specific rules for crowdlending. How crowdlending is taxed in Switzerland, therefore, depends on the business model of the crowdlending platform. You can read about taxation on crowdlending and other crowdfunding types here. If the crowdlending model you are interested in involves an Inicial Coin Offering (ICO), this article about crowdfunding, ICO’s and tax aspects might also be worth a read.

Regulation on Crowdlending in Switzerland

Like in many other countries, regulation has been a challenge for the development of crowdlending and FinTech in Switzerland. The Federal Government in Switzerland, therefore, started a process back in 2017 looking at possible changes to the banking legislation and how to remove barriers of entry for FinTech companies. This resulted in, among others, that from January 1, 2019, companies outside traditional banking can accept public deposits up to a maximum of 100m CHF with less strict requirements than previously. 

If you want to know about how the crowdlending market is regulated in Switzerland, you can read more in the documents found attached to the press release found here.

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