It always makes us proud when others acknowledge the value our company creates and offers to its customers. We feel the same right now since INLOCK has been added to Altfinator’s website, one of the most respected start-ups funding and capital raising platforms. We can be found in the ‘P2P business lender’category and have become available to Europe’s largest venture capitals. Also, INLOCK is now one of the 366 companies on Altfinator’s platform that offer an alternative to traditional financial services. These companies are mostly specialized in the financing problems of small and medium-sized enterprises.

P2P lending market in Europe

The European P2P lending market was worth €7.7 billion in 2016, according to the Cambridge Center for Alternative Finance. This relatively new market aims to create a new financing form without the presence of economically interested third parties.

And why is it all worth it? The answer is easy since the evaluation of a loan contract and the payment takes way less time than in the case of a loan at a traditional bank.

INLOCK’s goal is to manage the crypto world’s financial problems. At INLOCK, we enable our clients to get or to offer loans using our P2P platform. In order to do that, they have to use their cryptocurrencies as collateral. The result is easy: You either make money on your cryptocurrencies or solve your liquidity problems.

Of course, P2P crypto-backed lending platforms make a small part of the P2P lending market but it is safe to say that the evaluation process is even shorter than in the case of a traditional P2P loan. In the case of INLOCK, it takes only 3 steps to apply or to offer a loan.

Financing our growth

The crypto-backed lending service that we offer requires constant innovation and, of course, funding. Also, right now we are building our Spanish-speaking community and would like to conquer other regions as well, which takes a lot of resources.

Altfinator is a perfect solution for us since it provides alternative financing to European companies that they consider to be innovative. On their website, there are 14 company categories, a total of 366 companies, from which 23 provide P2P lending services. Right now, our goal is to find people that believe in what we do and would like to support us financially, so we are very excited about what the future holds for us. 

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