Logo of Credon

Credon

Rank #69
Payday Loans
Resale Marketplace Lending
Funded Since October 2021
€0.02m
Minimum Investment
€20
Public Statistics Page
No
Auto Invest
Yes
Secondary Market
Yes
Ring Fence
No
Regulated
No

What is Credon?

Credon runs a resale marketplace lending platform, which means it aggregates pre-funded loans from partner organisations (loan originators) and re-sells them to investors. Credon is operated by Credon P2P d.o.o., based in Croatia.

Credon allows you to provide funding to individuals by investing in payday loans. Credon only serves lenders, so you can’t apply for a loan directly on the platform.

What does Credon offer?

At Credon, you can make EUR-denominated investments starting from €20. You can also set up an auto-invest feature and buy and sell loans on a secondary market.

Credon doesn’t separate investors’ funds from the platform company assets and doesn’t have a wind-down plan in place to ensure minimal damage in case the platform goes out of business. It doesn’t disclose statistics about its funded loans but shares its monthly funding volumes with P2PMarketData.

Who founded Credon?

Credon was launched in 2021 by Juozas Rupšys. Juozas has over 25 years of experience. His professional background is mainly in entrepreneurship, and finance. Juozas has been, for example, a Founder and CEO of CreditOnline — a loan servicing software provider. He's graduated from Leningrad Art Academy.

Credon Details

Legal Company Name
Credon P2P d.o.o.
Business ID
081413068
Main Currency
Euro (€)
Headquarters Location
Croatia
Founded Date
December 2021
Launch Date
October 2021