Scramble logo

Scramble

Legal Name: Scramble OÜ

Analysis

What is Scramble?

Scramble is an Estonian, non-licensed lending-based investment platform launched in August 2021. It serves as an online platform connecting investors with small business debt in the UK and consumer goods brands in continental Europe. Scramble also acts as a loan originator, originating loans primarily from Portugal, the Netherlands, and Germany.

Scramble does not specify the eligibility criteria to become an investor on their platform. However, they require a bank statement copy to confirm ownership of the account where transactions will occur.[1] Since its launch, Scramble has raised more than €4.55 million, with an average monthly volume of €300,000 in the past 12 months.[2] The platform boasts a community of over 2,800 investors.[3]

Key Takeaways

  • Investment begins at €10, with borrowers guaranteeing up to 40% repayment.
  • Among the current rounds, investments range from €1,300 to €87,100, 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%.