Scramble

Scramble is a peer-to-peer lending platform based in Estonia, launched in August 2021. It connects investors with small business debt and consumer goods brands in the UK and continental Europe. Scramble also acts as a loan originator, providing on-demand growth capital mainly for inventory and expansion to startups and small businesses.

The platform is currently not licensed and does not list specific investor eligibility criteria but requires a bank statement to verify account ownership.^[1] Since launch, Scramble has raised over €14.67 million, with an average monthly volume of €840,000 over the past 12 months.^[2] The platform currently has a community of more than 5,427 investors.^[3]

• Investments start at €10, with each borrowing business co-founder guaranteeing up to 40% of the repayment.
• Among the current rounds, investments range from €19,600 to €145,550, with a loan duration of up to 6 months, extendable for up to 24 months.
• Scramble advertises two groups of loan terms. The first group, Group A, advertises an interest rate of up to 12.4%, while Group B advertises an interest rate of up to 25%.

Scramble connects investors with small businesses and startups in the UK and continental Europe. The platform offers investment opportunities in consumer goods brands starting at a minimum of €10, via loan investments divided into two groups: A and B:

• Group A loans are balloon loans. Interest is paid monthly, and the full principal is repaid at the end of the term. Monthly repayments are transferred to the Scramble cash account shortly after the loan is issued. Principal repayments occur monthly during the early loan period, with amounts ranging from 2.35% to 9.41%, depending on the number of participants.^[4]
• Group B loans are bullet loans. Interest accrues monthly and is paid in full at the end of the term, along with the principal.^[5]

Scramble does not offer a buyback guarantee. But if lenders can’t repay, each business owner personally covers up to 40% of the loan using their lifetime income, over a period of up to 5 years. So, with two or three co-founders, they jointly guarantee 80% to 100% of the loan.^[6]

Among the current rounds, investments range from €19,600 to €145,550, with a loan duration spanning from 6 months, extendable for up to 24 months.^[7] Scramble does not provide an auto-invest feature or a secondary market. The platform does not withhold taxes on interest earned. Investors are responsible for complying with the tax regulation of their respective countries.

Scramble advertises two groups of loan terms, The first group, Group A, advertises an interest rate of up to 12.4%, while Group B advertises an interest rate of up to 25%.^[8] The platform has paid back investors more than €9.71 million, corresponding to 60% of its total loan portfolio. Scramble has yet to disclose detailed information regarding its loan repayment delays; however, the platform reported that more than 84% of its loans have been repaid on time. Scramble has not disclosed any information or data regarding its loan portfolio default rate.^[9]

Investors do not incur any fees on the platform. However, Scramble charges fundraisers between 6% and 9% for a six-month period, which translates to an annual cost of capital ranging from 16% to 20%. Additionally, Scramble imposes a flat fee of 1% if borrowers miss their loan repayment, along with undisclosed late charges. The platform’s primary source of income is service fees charged to borrowers for facilitating loans.^[10]

Kamil Kurmakayev is the Founder and CEO of Scramble. He brings extensive entrepreneurial experience to his leadership role, having previously served as the CEO at iCare Benefits and as the Co-founder of Wikimart. Working alongside him is Irina Kurmakayeva, the COO, who oversees marketing and strategic planning. Before joining Scramble, Irina gained valuable experience in Moscow as a Digital Marketing Strategist and as a Strategic Planner Trainee at Leo Burnett Vietnam.

The company behind the platform is Scramble OÜ, which was founded in 2020 and is headquartered in Tallinn, Estonia. It is 100% controlled by Scramble Ltd, a UK-based company that is also the sole shareholder. Kamil Kurmakayev serves as the sole board member of the Estonian entity.^[11] The UK parent company is controlled by a single UK resident with significant control and is also the sole shareholder.^[12]

Scramble has raised over $964,100 across 11 funding rounds, with the most recent being a Seed round on March 16, 2024. The company is backed by nine investors, including a €500,000 seed investment from FJ Labs and Swiss angel investor Dr. Michael van Swaaij. Dr. van Swaaij notably served as Chairman and CEO of Skype, Chief Strategy Officer, CFO, and Vice President of eBay Europe, Regional Managing Director of AOL Europe, and Chairman at Crunch.^{[13] [14]}

In FY23, Scramble grew its platform by adding over 2,000 individual retail clients and more than 50 corporate clients. It facilitated about €2.5 million in loans, up from under €0.5 million in FY22. The company reported a net loss of €606,000, a 16% increase from the €523,000 net loss in FY22. This was expected during its launch phase. Scramble invested €163,000 in software development and raised €500,000 through convertible loans. To meet equity requirements, the owner contributed an additional €2 million, securing the company’s ability to operate through FY24. Scramble plans to expand its platform across Europe by increasing both the number of investors and consumer brands it supports. Despite economic headwinds in Europe, the company has enough funding to continue operations and is focused on reaching profitability.^[15]

1. Scramble: “Help - Why do I need to provide a bank statement?”
2. P2PMarketdata: “Scramble Statistics”
3. Scramble: “Total Investors”
4. Scramble: “Group A - Loan Terms”
5. Scramble: “Group B - Loan Terms”
6. Scramble: “Help - What happens if a business fails?”
7. Scramble: “Current round batch”
8. Scramble: “Loan Terms”
9. Scramble: “Rounds history Summary”
10. Scramble: “Pricing & Additional Services”
11. Estonia e-Business Register: “Scramble OÜ - Shareholders”
12. Gov UK - Company House: “Scrambled Limited”
13. Crunchbase: “Scramble - Financials”
14. Pitchbook: “Michael van Swaaij - Angel Investor”
15. Scramble: “Annual Report 2023 - Company Operations and Financial Results”

Scramble is a peer-to-peer lending platform based in Estonia, launched in August 2021. It connects investors with small business debt and consumer goods brands in the UK and continental Europe. Scramble also acts as a loan originator, providing on-demand growth capital mainly for inventory and expansion to startups and small businesses.

The platform is currently not licensed and does not list specific investor eligibility criteria but requires a bank statement to verify account ownership.^[1] Since launch, Scramble has raised over €14.67 million, with an average monthly volume of €840,000 over the past 12 months.^[2] The platform currently has a community of more than 5,427 investors.^[3]

• Investments start at €10, with each borrowing business co-founder guaranteeing up to 40% of the repayment.
• Among the current rounds, investments range from €19,600 to €145,550, with a loan duration of up to 6 months, extendable for up to 24 months.
• Scramble advertises two groups of loan terms. The first group, Group A, advertises an interest rate of up to 12.4%, while Group B advertises an interest rate of up to 25%.

Scramble connects investors with small businesses and startups in the UK and continental Europe. The platform offers investment opportunities in consumer goods brands starting at a minimum of €10, via loan investments divided into two groups: A and B:

• Group A loans are balloon loans. Interest is paid monthly, and the full principal is repaid at the end of the term. Monthly repayments are transferred to the Scramble cash account shortly after the loan is issued. Principal repayments occur monthly during the early loan period, with amounts ranging from 2.35% to 9.41%, depending on the number of participants.^[4]
• Group B loans are bullet loans. Interest accrues monthly and is paid in full at the end of the term, along with the principal.^[5]

Scramble does not offer a buyback guarantee. But if lenders can’t repay, each business owner personally covers up to 40% of the loan using their lifetime income, over a period of up to 5 years. So, with two or three co-founders, they jointly guarantee 80% to 100% of the loan.^[6]

Among the current rounds, investments range from €19,600 to €145,550, with a loan duration spanning from 6 months, extendable for up to 24 months.^[7] Scramble does not provide an auto-invest feature or a secondary market. The platform does not withhold taxes on interest earned. Investors are responsible for complying with the tax regulation of their respective countries.

Scramble advertises two groups of loan terms, The first group, Group A, advertises an interest rate of up to 12.4%, while Group B advertises an interest rate of up to 25%.^[8] The platform has paid back investors more than €9.71 million, corresponding to 60% of its total loan portfolio. Scramble has yet to disclose detailed information regarding its loan repayment delays; however, the platform reported that more than 84% of its loans have been repaid on time. Scramble has not disclosed any information or data regarding its loan portfolio default rate.^[9]

Investors do not incur any fees on the platform. However, Scramble charges fundraisers between 6% and 9% for a six-month period, which translates to an annual cost of capital ranging from 16% to 20%. Additionally, Scramble imposes a flat fee of 1% if borrowers miss their loan repayment, along with undisclosed late charges. The platform’s primary source of income is service fees charged to borrowers for facilitating loans.^[10]

Kamil Kurmakayev is the Founder and CEO of Scramble. He brings extensive entrepreneurial experience to his leadership role, having previously served as the CEO at iCare Benefits and as the Co-founder of Wikimart. Working alongside him is Irina Kurmakayeva, the COO, who oversees marketing and strategic planning. Before joining Scramble, Irina gained valuable experience in Moscow as a Digital Marketing Strategist and as a Strategic Planner Trainee at Leo Burnett Vietnam.

The company behind the platform is Scramble OÜ, which was founded in 2020 and is headquartered in Tallinn, Estonia. It is 100% controlled by Scramble Ltd, a UK-based company that is also the sole shareholder. Kamil Kurmakayev serves as the sole board member of the Estonian entity.^[11] The UK parent company is controlled by a single UK resident with significant control and is also the sole shareholder.^[12]

Scramble has raised over $964,100 across 11 funding rounds, with the most recent being a Seed round on March 16, 2024. The company is backed by nine investors, including a €500,000 seed investment from FJ Labs and Swiss angel investor Dr. Michael van Swaaij. Dr. van Swaaij notably served as Chairman and CEO of Skype, Chief Strategy Officer, CFO, and Vice President of eBay Europe, Regional Managing Director of AOL Europe, and Chairman at Crunch.^{[13] [14]}

In FY23, Scramble grew its platform by adding over 2,000 individual retail clients and more than 50 corporate clients. It facilitated about €2.5 million in loans, up from under €0.5 million in FY22. The company reported a net loss of €606,000, a 16% increase from the €523,000 net loss in FY22. This was expected during its launch phase. Scramble invested €163,000 in software development and raised €500,000 through convertible loans. To meet equity requirements, the owner contributed an additional €2 million, securing the company’s ability to operate through FY24. Scramble plans to expand its platform across Europe by increasing both the number of investors and consumer brands it supports. Despite economic headwinds in Europe, the company has enough funding to continue operations and is focused on reaching profitability.^[15]

1. Scramble: “Help - Why do I need to provide a bank statement?”
2. P2PMarketdata: “Scramble Statistics”
3. Scramble: “Total Investors”
4. Scramble: “Group A - Loan Terms”
5. Scramble: “Group B - Loan Terms”
6. Scramble: “Help - What happens if a business fails?”
7. Scramble: “Current round batch”
8. Scramble: “Loan Terms”
9. Scramble: “Rounds history Summary”
10. Scramble: “Pricing & Additional Services”
11. Estonia e-Business Register: “Scramble OÜ - Shareholders”
12. Gov UK - Company House: “Scrambled Limited”
13. Crunchbase: “Scramble - Financials”
14. Pitchbook: “Michael van Swaaij - Angel Investor”
15. Scramble: “Annual Report 2023 - Company Operations and Financial Results”

Scramble is a peer-to-peer lending platform based in Estonia, launched in August 2021. It connects investors with small business debt and consumer goods brands in the UK and continental Europe. Scramble also acts as a loan originator, providing on-demand growth capital mainly for inventory and expansion to startups and small businesses.

The platform is currently not licensed and does not list specific investor eligibility criteria but requires a bank statement to verify account ownership.^[1] Since launch, Scramble has raised over €14.67 million, with an average monthly volume of €840,000 over the past 12 months.^[2] The platform currently has a community of more than 5,427 investors.^[3]

• Investments start at €10, with each borrowing business co-founder guaranteeing up to 40% of the repayment.
• Among the current rounds, investments range from €19,600 to €145,550, with a loan duration of up to 6 months, extendable for up to 24 months.
• Scramble advertises two groups of loan terms. The first group, Group A, advertises an interest rate of up to 12.4%, while Group B advertises an interest rate of up to 25%.

Scramble connects investors with small businesses and startups in the UK and continental Europe. The platform offers investment opportunities in consumer goods brands starting at a minimum of €10, via loan investments divided into two groups: A and B:

• Group A loans are balloon loans. Interest is paid monthly, and the full principal is repaid at the end of the term. Monthly repayments are transferred to the Scramble cash account shortly after the loan is issued. Principal repayments occur monthly during the early loan period, with amounts ranging from 2.35% to 9.41%, depending on the number of participants.^[4]
• Group B loans are bullet loans. Interest accrues monthly and is paid in full at the end of the term, along with the principal.^[5]

Scramble does not offer a buyback guarantee. But if lenders can’t repay, each business owner personally covers up to 40% of the loan using their lifetime income, over a period of up to 5 years. So, with two or three co-founders, they jointly guarantee 80% to 100% of the loan.^[6]

Among the current rounds, investments range from €19,600 to €145,550, with a loan duration spanning from 6 months, extendable for up to 24 months.^[7] Scramble does not provide an auto-invest feature or a secondary market. The platform does not withhold taxes on interest earned. Investors are responsible for complying with the tax regulation of their respective countries.

Scramble advertises two groups of loan terms, The first group, Group A, advertises an interest rate of up to 12.4%, while Group B advertises an interest rate of up to 25%.^[8] The platform has paid back investors more than €9.71 million, corresponding to 60% of its total loan portfolio. Scramble has yet to disclose detailed information regarding its loan repayment delays; however, the platform reported that more than 84% of its loans have been repaid on time. Scramble has not disclosed any information or data regarding its loan portfolio default rate.^[9]

Investors do not incur any fees on the platform. However, Scramble charges fundraisers between 6% and 9% for a six-month period, which translates to an annual cost of capital ranging from 16% to 20%. Additionally, Scramble imposes a flat fee of 1% if borrowers miss their loan repayment, along with undisclosed late charges. The platform’s primary source of income is service fees charged to borrowers for facilitating loans.^[10]

Kamil Kurmakayev is the Founder and CEO of Scramble. He brings extensive entrepreneurial experience to his leadership role, having previously served as the CEO at iCare Benefits and as the Co-founder of Wikimart. Working alongside him is Irina Kurmakayeva, the COO, who oversees marketing and strategic planning. Before joining Scramble, Irina gained valuable experience in Moscow as a Digital Marketing Strategist and as a Strategic Planner Trainee at Leo Burnett Vietnam.

The company behind the platform is Scramble OÜ, which was founded in 2020 and is headquartered in Tallinn, Estonia. It is 100% controlled by Scramble Ltd, a UK-based company that is also the sole shareholder. Kamil Kurmakayev serves as the sole board member of the Estonian entity.^[11] The UK parent company is controlled by a single UK resident with significant control and is also the sole shareholder.^[12]

Scramble has raised over $964,100 across 11 funding rounds, with the most recent being a Seed round on March 16, 2024. The company is backed by nine investors, including a €500,000 seed investment from FJ Labs and Swiss angel investor Dr. Michael van Swaaij. Dr. van Swaaij notably served as Chairman and CEO of Skype, Chief Strategy Officer, CFO, and Vice President of eBay Europe, Regional Managing Director of AOL Europe, and Chairman at Crunch.^{[13] [14]}

In FY23, Scramble grew its platform by adding over 2,000 individual retail clients and more than 50 corporate clients. It facilitated about €2.5 million in loans, up from under €0.5 million in FY22. The company reported a net loss of €606,000, a 16% increase from the €523,000 net loss in FY22. This was expected during its launch phase. Scramble invested €163,000 in software development and raised €500,000 through convertible loans. To meet equity requirements, the owner contributed an additional €2 million, securing the company’s ability to operate through FY24. Scramble plans to expand its platform across Europe by increasing both the number of investors and consumer brands it supports. Despite economic headwinds in Europe, the company has enough funding to continue operations and is focused on reaching profitability.^[15]

1. Scramble: “Help - Why do I need to provide a bank statement?”
2. P2PMarketdata: “Scramble Statistics”
3. Scramble: “Total Investors”
4. Scramble: “Group A - Loan Terms”
5. Scramble: “Group B - Loan Terms”
6. Scramble: “Help - What happens if a business fails?”
7. Scramble: “Current round batch”
8. Scramble: “Loan Terms”
9. Scramble: “Rounds history Summary”
10. Scramble: “Pricing & Additional Services”
11. Estonia e-Business Register: “Scramble OÜ - Shareholders”
12. Gov UK - Company House: “Scrambled Limited”
13. Crunchbase: “Scramble - Financials”
14. Pitchbook: “Michael van Swaaij - Angel Investor”
15. Scramble: “Annual Report 2023 - Company Operations and Financial Results”

Scramble is a peer-to-peer lending platform based in Estonia, launched in August 2021. It connects investors with small business debt and consumer goods brands in the UK and continental Europe. Scramble also acts as a loan originator, providing on-demand growth capital mainly for inventory and expansion to startups and small businesses.

The platform is currently not licensed and does not list specific investor eligibility criteria but requires a bank statement to verify account ownership.^[1] Since launch, Scramble has raised over €14.67 million, with an average monthly volume of €840,000 over the past 12 months.^[2] The platform currently has a community of more than 5,427 investors.^[3]

• Investments start at €10, with each borrowing business co-founder guaranteeing up to 40% of the repayment.
• Among the current rounds, investments range from €19,600 to €145,550, with a loan duration of up to 6 months, extendable for up to 24 months.
• Scramble advertises two groups of loan terms. The first group, Group A, advertises an interest rate of up to 12.4%, while Group B advertises an interest rate of up to 25%.

Scramble connects investors with small businesses and startups in the UK and continental Europe. The platform offers investment opportunities in consumer goods brands starting at a minimum of €10, via loan investments divided into two groups: A and B:

• Group A loans are balloon loans. Interest is paid monthly, and the full principal is repaid at the end of the term. Monthly repayments are transferred to the Scramble cash account shortly after the loan is issued. Principal repayments occur monthly during the early loan period, with amounts ranging from 2.35% to 9.41%, depending on the number of participants.^[4]
• Group B loans are bullet loans. Interest accrues monthly and is paid in full at the end of the term, along with the principal.^[5]

Scramble does not offer a buyback guarantee. But if lenders can’t repay, each business owner personally covers up to 40% of the loan using their lifetime income, over a period of up to 5 years. So, with two or three co-founders, they jointly guarantee 80% to 100% of the loan.^[6]

Among the current rounds, investments range from €19,600 to €145,550, with a loan duration spanning from 6 months, extendable for up to 24 months.^[7] Scramble does not provide an auto-invest feature or a secondary market. The platform does not withhold taxes on interest earned. Investors are responsible for complying with the tax regulation of their respective countries.

Scramble advertises two groups of loan terms, The first group, Group A, advertises an interest rate of up to 12.4%, while Group B advertises an interest rate of up to 25%.^[8] The platform has paid back investors more than €9.71 million, corresponding to 60% of its total loan portfolio. Scramble has yet to disclose detailed information regarding its loan repayment delays; however, the platform reported that more than 84% of its loans have been repaid on time. Scramble has not disclosed any information or data regarding its loan portfolio default rate.^[9]

Investors do not incur any fees on the platform. However, Scramble charges fundraisers between 6% and 9% for a six-month period, which translates to an annual cost of capital ranging from 16% to 20%. Additionally, Scramble imposes a flat fee of 1% if borrowers miss their loan repayment, along with undisclosed late charges. The platform’s primary source of income is service fees charged to borrowers for facilitating loans.^[10]

Kamil Kurmakayev is the Founder and CEO of Scramble. He brings extensive entrepreneurial experience to his leadership role, having previously served as the CEO at iCare Benefits and as the Co-founder of Wikimart. Working alongside him is Irina Kurmakayeva, the COO, who oversees marketing and strategic planning. Before joining Scramble, Irina gained valuable experience in Moscow as a Digital Marketing Strategist and as a Strategic Planner Trainee at Leo Burnett Vietnam.

The company behind the platform is Scramble OÜ, which was founded in 2020 and is headquartered in Tallinn, Estonia. It is 100% controlled by Scramble Ltd, a UK-based company that is also the sole shareholder. Kamil Kurmakayev serves as the sole board member of the Estonian entity.^[11] The UK parent company is controlled by a single UK resident with significant control and is also the sole shareholder.^[12]

Scramble has raised over $964,100 across 11 funding rounds, with the most recent being a Seed round on March 16, 2024. The company is backed by nine investors, including a €500,000 seed investment from FJ Labs and Swiss angel investor Dr. Michael van Swaaij. Dr. van Swaaij notably served as Chairman and CEO of Skype, Chief Strategy Officer, CFO, and Vice President of eBay Europe, Regional Managing Director of AOL Europe, and Chairman at Crunch.^{[13] [14]}

In FY23, Scramble grew its platform by adding over 2,000 individual retail clients and more than 50 corporate clients. It facilitated about €2.5 million in loans, up from under €0.5 million in FY22. The company reported a net loss of €606,000, a 16% increase from the €523,000 net loss in FY22. This was expected during its launch phase. Scramble invested €163,000 in software development and raised €500,000 through convertible loans. To meet equity requirements, the owner contributed an additional €2 million, securing the company’s ability to operate through FY24. Scramble plans to expand its platform across Europe by increasing both the number of investors and consumer brands it supports. Despite economic headwinds in Europe, the company has enough funding to continue operations and is focused on reaching profitability.^[15]

1. Scramble: “Help - Why do I need to provide a bank statement?”
2. P2PMarketdata: “Scramble Statistics”
3. Scramble: “Total Investors”
4. Scramble: “Group A - Loan Terms”
5. Scramble: “Group B - Loan Terms”
6. Scramble: “Help - What happens if a business fails?”
7. Scramble: “Current round batch”
8. Scramble: “Loan Terms”
9. Scramble: “Rounds history Summary”
10. Scramble: “Pricing & Additional Services”
11. Estonia e-Business Register: “Scramble OÜ - Shareholders”
12. Gov UK - Company House: “Scrambled Limited”
13. Crunchbase: “Scramble - Financials”
14. Pitchbook: “Michael van Swaaij - Angel Investor”
15. Scramble: “Annual Report 2023 - Company Operations and Financial Results”

Scramble is a peer-to-peer lending platform based in Estonia, launched in August 2021. It connects investors with small business debt and consumer goods brands in the UK and continental Europe. Scramble also acts as a loan originator, providing on-demand growth capital mainly for inventory and expansion to startups and small businesses.

The platform is currently not licensed and does not list specific investor eligibility criteria but requires a bank statement to verify account ownership.^[1] Since launch, Scramble has raised over €14.67 million, with an average monthly volume of €840,000 over the past 12 months.^[2] The platform currently has a community of more than 5,427 investors.^[3]

• Investments start at €10, with each borrowing business co-founder guaranteeing up to 40% of the repayment.
• Among the current rounds, investments range from €19,600 to €145,550, with a loan duration of up to 6 months, extendable for up to 24 months.
• Scramble advertises two groups of loan terms. The first group, Group A, advertises an interest rate of up to 12.4%, while Group B advertises an interest rate of up to 25%.

Scramble connects investors with small businesses and startups in the UK and continental Europe. The platform offers investment opportunities in consumer goods brands starting at a minimum of €10, via loan investments divided into two groups: A and B:

• Group A loans are balloon loans. Interest is paid monthly, and the full principal is repaid at the end of the term. Monthly repayments are transferred to the Scramble cash account shortly after the loan is issued. Principal repayments occur monthly during the early loan period, with amounts ranging from 2.35% to 9.41%, depending on the number of participants.^[4]
• Group B loans are bullet loans. Interest accrues monthly and is paid in full at the end of the term, along with the principal.^[5]

Scramble does not offer a buyback guarantee. But if lenders can’t repay, each business owner personally covers up to 40% of the loan using their lifetime income, over a period of up to 5 years. So, with two or three co-founders, they jointly guarantee 80% to 100% of the loan.^[6]

Among the current rounds, investments range from €19,600 to €145,550, with a loan duration spanning from 6 months, extendable for up to 24 months.^[7] Scramble does not provide an auto-invest feature or a secondary market. The platform does not withhold taxes on interest earned. Investors are responsible for complying with the tax regulation of their respective countries.

Scramble advertises two groups of loan terms, The first group, Group A, advertises an interest rate of up to 12.4%, while Group B advertises an interest rate of up to 25%.^[8] The platform has paid back investors more than €9.71 million, corresponding to 60% of its total loan portfolio. Scramble has yet to disclose detailed information regarding its loan repayment delays; however, the platform reported that more than 84% of its loans have been repaid on time. Scramble has not disclosed any information or data regarding its loan portfolio default rate.^[9]

Investors do not incur any fees on the platform. However, Scramble charges fundraisers between 6% and 9% for a six-month period, which translates to an annual cost of capital ranging from 16% to 20%. Additionally, Scramble imposes a flat fee of 1% if borrowers miss their loan repayment, along with undisclosed late charges. The platform’s primary source of income is service fees charged to borrowers for facilitating loans.^[10]

Kamil Kurmakayev is the Founder and CEO of Scramble. He brings extensive entrepreneurial experience to his leadership role, having previously served as the CEO at iCare Benefits and as the Co-founder of Wikimart. Working alongside him is Irina Kurmakayeva, the COO, who oversees marketing and strategic planning. Before joining Scramble, Irina gained valuable experience in Moscow as a Digital Marketing Strategist and as a Strategic Planner Trainee at Leo Burnett Vietnam.

The company behind the platform is Scramble OÜ, which was founded in 2020 and is headquartered in Tallinn, Estonia. It is 100% controlled by Scramble Ltd, a UK-based company that is also the sole shareholder. Kamil Kurmakayev serves as the sole board member of the Estonian entity.^[11] The UK parent company is controlled by a single UK resident with significant control and is also the sole shareholder.^[12]

Scramble has raised over $964,100 across 11 funding rounds, with the most recent being a Seed round on March 16, 2024. The company is backed by nine investors, including a €500,000 seed investment from FJ Labs and Swiss angel investor Dr. Michael van Swaaij. Dr. van Swaaij notably served as Chairman and CEO of Skype, Chief Strategy Officer, CFO, and Vice President of eBay Europe, Regional Managing Director of AOL Europe, and Chairman at Crunch.^{[13] [14]}

In FY23, Scramble grew its platform by adding over 2,000 individual retail clients and more than 50 corporate clients. It facilitated about €2.5 million in loans, up from under €0.5 million in FY22. The company reported a net loss of €606,000, a 16% increase from the €523,000 net loss in FY22. This was expected during its launch phase. Scramble invested €163,000 in software development and raised €500,000 through convertible loans. To meet equity requirements, the owner contributed an additional €2 million, securing the company’s ability to operate through FY24. Scramble plans to expand its platform across Europe by increasing both the number of investors and consumer brands it supports. Despite economic headwinds in Europe, the company has enough funding to continue operations and is focused on reaching profitability.^[15]

1. Scramble: “Help - Why do I need to provide a bank statement?”
2. P2PMarketdata: “Scramble Statistics”
3. Scramble: “Total Investors”
4. Scramble: “Group A - Loan Terms”
5. Scramble: “Group B - Loan Terms”
6. Scramble: “Help - What happens if a business fails?”
7. Scramble: “Current round batch”
8. Scramble: “Loan Terms”
9. Scramble: “Rounds history Summary”
10. Scramble: “Pricing & Additional Services”
11. Estonia e-Business Register: “Scramble OÜ - Shareholders”
12. Gov UK - Company House: “Scrambled Limited”
13. Crunchbase: “Scramble - Financials”
14. Pitchbook: “Michael van Swaaij - Angel Investor”
15. Scramble: “Annual Report 2023 - Company Operations and Financial Results”