{"id":9599,"date":"2019-10-19T18:47:10","date_gmt":"2019-10-19T16:47:10","guid":{"rendered":"https:\/\/schweizerfinanzblog.ch\/crowdlendig-p2p-switzerland-flying-high\/"},"modified":"2024-12-05T14:39:05","modified_gmt":"2024-12-05T13:39:05","slug":"crowdlendig-p2p-switzerland-flying-high","status":"publish","type":"post","link":"https:\/\/schweizerfinanzblog.ch\/en\/crowdlendig-p2p-switzerland-flying-high\/","title":{"rendered":"Crowdlendig: P2P Switzerland flying high!"},"content":{"rendered":"\n<p><strong>In this article, we want to introduce you to an asset class that is still relatively unknown in Switzerland but is growing rapidly: Crowdlending, also known as peer-to-peer (P2P) or marketplace lending. In this first article, you will find out what P2P loans are and how the Swiss market presents itself. We draw on the latest Crowdfunding Monitor Switzerland 2019 from Lucerne University of Applied Sciences and Arts.  <\/strong><\/p>\n\n<link rel=\"stylesheet\" href=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/themes\/schweizerfinanzblog\/components\/post-info-component\/post-info-component.css\">\n<div class=\"post-info-component\">\n\t\t<div class=\"von-and-comments\">\n\t\t\t\t\t<a target=\"_blank\" href=\"https:\/\/schweizerfinanzblog.ch\/ueber-uns\/\">Stefan &amp; Toni<\/a>\n\t\t\t\t <span>| <a href=\"#comments\">4 Comments<\/a><\/span> \t\t\n\t<\/div>\n\t<div class=\"post-dates\">\n\t\tpublished on 19.10.2019\t<\/div>\n<\/div>\n<div id=\"toc_container\" class=\"no_bullets\"><p class=\"toc_title\">Contents<\/p><ul class=\"toc_list\"><li><a href=\"#What_Crowdlendig_P2P_Switzerland_is_and_how_it_works\">What Crowdlendig (P2P Switzerland) is and how it works<\/a><\/li><li><a href=\"#How_the_Swiss_market_presents_itself\">How the Swiss market presents itself<\/a><\/li><li><a href=\"#How_the_platforms_finance_themselves\">How the platforms finance themselves<\/a><\/li><li><a href=\"#Switzerlandis_at_the_forefront_ofinternationalcomparison\">Switzerlandis at the forefront ofinternationalcomparison<\/a><\/li><li><a href=\"#Theses_on_crowdlending\">Theses on crowdlending<\/a><\/li><li><a href=\"#This_might_also_interest_you\">This might also interest you<\/a><\/li><li><a href=\"#Disclaimer\">Disclaimer<\/a><\/li><\/ul><\/div>\n<h2 class=\"wp-block-heading\"><span id=\"What_Crowdlendig_P2P_Switzerland_is_and_how_it_works\">What Crowdlendig (P2P Switzerland) is and how it works<\/span><\/h2>\n\n<p><strong>Crowdlendig<\/strong> is one of <strong>five categories<\/strong> of crowdfunding and, at around <strong>CHF 262 million<\/strong>, has <strong>the largest loan volume<\/strong> (see Figure 1)<br\/><img decoding=\"async\" src=\"http:\/\/pl01.owen.prolitteris.ch\/na\/plzm.52d4e192-2e51-4468-936b-e6dd3e24442a\" width=\"1\" height=\"1\" border=\"0\"\/><\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><a href=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2019\/10\/Grafik-Crowdfunding.png\"><img decoding=\"async\" src=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2019\/10\/Grafik-Crowdfunding.png\" alt=\"Crowdfunding categories with loan volume\"\/><\/a><figcaption class=\"wp-element-caption\">Figure 1: Forms and consideration of the various crowdfunding categories with loan volumes (2018) \/ Source: Crowdfunding Monitor 2019, IFZ Lucerne University of Applied Sciences and Arts.<\/figcaption><\/figure>\n<\/div>\n<p>Crowdlending involves the financing of companies or private individuals through loans (borrowed capital). In contrast to traditional lending, there is <strong>no intermediary bank<\/strong> in crowdlending. Instead, the loans are arranged online via a platform. For a fee, the provider of such a marketplace usually takes on the <strong>risk assessment<\/strong> of the borrower as well as the entire <strong>debt collection process<\/strong>, including payment reminders, dunning letters and debt collection.  <\/p>\n\n<p>In return for granting the loan, you as the lender receive <strong>interest payments<\/strong>, the amount of which essentially depends on the <strong>credit risk<\/strong>, the <strong>loan term<\/strong> and the <strong>type of loan<\/strong>. Figure 2 below shows the interaction between the various players in the crowdlending system in simplified form. <\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><a href=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2019\/10\/Grafik-Funktionsweise-von-Crowdlending.png\"><img decoding=\"async\" src=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2019\/10\/Grafik-Funktionsweise-von-Crowdlending.png\" alt=\"Crowdlending\"\/><\/a><figcaption class=\"wp-element-caption\">Figure 2: Interaction between the various players in the crowdlending system \/ Source: Crowdfunding Monitor 2019, IFZ Lucerne University of Applied Sciences and Arts.<\/figcaption><\/figure>\n<\/div>\n<p>In addition to private and SME loans, mortgages are also granted to private individuals in Switzerland without an intermediary bank. Loans to private individuals are also referred to as <strong>consumer crowdlending<\/strong>, while loans to companies are referred to as <strong>business crowdlending<\/strong>. The term <strong>real estate crowdlending<\/strong> is also used for loans in the form of mortgages. As different as these variants may be in detail, they all have one decisive and cost-efficient feature: <strong>there is no need for an expensive bank as an intermediary<\/strong>.  <\/p>\n\n<p>Within the crowdlending category, SME loans account for the lion&#8217;s share at CHF 134.4 million. This is followed by real estate loans (70.5) and consumer loans to private individuals (57) (see Figure 3). At 1.3% (2018), the latter are still marginal in relation to the overall consumer credit market.  <\/p>\n<div class=\"wp-block-image\">\n<figure class=\"alignleft\"><a href=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2019\/10\/Grafik-Wachstum-Crowdlending.png\"><img decoding=\"async\" src=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2019\/10\/Grafik-Wachstum-Crowdlending.png\" alt=\"Crowdlending volume Switzerland\"\/><\/a><figcaption class=\"wp-element-caption\">Figure 3: Crowdlending volume Switzerland 2012-2018 \/ Source: Crowdfunding Monitor 2019, IFZ Lucerne University of Applied Sciences and Arts.<\/figcaption><\/figure>\n<\/div>\n<h2 class=\"wp-block-heading\"><span id=\"How_the_Swiss_market_presents_itself\">How the Swiss market presents itself<\/span><\/h2>\n\n<p>The first so-called P2P platform was founded in Switzerland back in 2008 with the provider <strong>Cashare<\/strong>. At the end of 2018, the Swiss market was much more diverse with a total of <strong>15 active platforms<\/strong> (see Figure 4). <\/p>\n\n<p>The platforms usually focus on one or two segments of crowdlending. In the business and consumer crowdlending segment, there are also providers that offer mortgage-backed loans. Business crowdlending platforms are typically aimed at small to medium-sized enterprises (SMEs). Consumer crowdlending platforms are active in the consumer credit market.   <\/p>\n\n<p>The growth momentum in terms of the number of new platforms has decreased significantly. In 2018, only one new crowdlending platform, <strong>Funders<\/strong>, entered the Swiss market. <\/p>\n\n<p>Although it was only launched in 2015, <strong>CreditGate24<\/strong> is clearly the largest crowdlending platform in terms of loan volume (as of 2019).<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><a href=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2019\/10\/Grafik-&#xDC;bersicht-aktive-Anbieter.png\"><img decoding=\"async\" src=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2019\/10\/Grafik-&#xDC;bersicht-aktive-Anbieter.png\" alt=\"Active crowdlending platforms\"\/><\/a><figcaption class=\"wp-element-caption\">Figure 4: Active crowdlending platforms by segment at the end of 2018 \/ Source: Crowdfunding Monitor 2019, IFZ Lucerne University of Applied Sciences and Arts<\/figcaption><\/figure>\n<\/div>\n<h2 class=\"wp-block-heading\"><span id=\"How_the_platforms_finance_themselves\">How the platforms finance themselves<\/span><\/h2>\n\n<p>The fees in crowdlending usually relate to <strong>the amount of the loan<\/strong> (see Figure 5). Fees are often incurred on the lender and borrower side. Depending on the platform, these can be incurred both at the time of conclusion and over time. The ranges are correspondingly high and the fee models are sometimes difficult to compare.   <\/p>\n<div class=\"wp-block-image\">\n<figure class=\"alignleft is-resized\"><a href=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2019\/10\/Grafik-Geb&#xFC;hrenmodelle-P2P-Anbieter.png\"><img decoding=\"async\" src=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2019\/10\/Grafik-Geb&#xFC;hrenmodelle-P2P-Anbieter.png\" alt=\"Swiss crowdlending provider  \" style=\"width:811px;height:auto\"\/><\/a><figcaption class=\"wp-element-caption\">Figure 5: Fee models of Swiss crowdlending providers \/ Source: Crowdfunding Monitor 2019, IFZ Lucerne University of Applied Sciences and Arts.<\/figcaption><\/figure>\n<\/div>\n<p><\/p>\n\n<p class=\"has-text-align-center\"><span style=\"font-size: 14pt;\"><span style=\"color: #339966;\"><i><span style=\"color: #37c392;\"><strong><span style=\"color: #37c392; font-size: 14pt;\"><em>&#8211; Partner Offer &#8211;<\/em><\/span><\/strong><\/span><\/i><\/span><\/span><\/p>\n\n<p class=\"has-text-align-center\"><em>In our experience and due to the low costs for ETFs, a particularly attractive broker at present is &#8220;DEGIRO&#8221; (link to the <\/em><a href=\"https:\/\/schweizerfinanzblog.ch\/degiro-review-etf-sparplan-schweiz\/\" target=\"_blank\" rel=\"noreferrer noopener\">DEGIRO Review<\/a><em>). Bei Interesse kannst du dich bei DEGIRO \u00fcber unseren   <\/em><a href=\"https:\/\/www.degiro.ch\/?tap_a=55321-c5c085&amp;tap_s=1016265-b529be&amp;utm_source=schweizerfinanzblog&amp;utm_campaign=DEGIRO+Switzerland&amp;utm_medium=a&amp;utm_content=shares_lp\" target=\"_blank\" rel=\"noreferrer noopener\">partner link<\/a><em> with which you can earn<\/em><strong><em> Trading Credits of 100 CHF <\/em><\/strong><em>(with <a href=\"https:\/\/www.degiro.ch\/?tap_a=55321-c5c085&amp;tap_s=1016265-b529be&amp;utm_source=schweizerfinanzblog&amp;utm_campaign=DEGIRO+Switzerland&amp;utm_medium=a&amp;utm_content=shares_lp\" target=\"_blank\" rel=\"noreferrer noopener\">conditions<\/a>) and support our blog at the same time.<\/em><\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><a href=\"https:\/\/www.degiro.ch\/?tap_a=55321-c5c085&amp;tap_s=1016265-b529be&amp;utm_source=schweizerfinanzblog&amp;utm_campaign=DEGIRO+Switzerland&amp;utm_medium=a&amp;utm_content=shares_lp\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2024\/11\/DEGIRO_Banner_EN.png\" alt=\"\" class=\"wp-image-6721\"\/><\/a><\/figure>\n<\/div>\n<p class=\"has-text-align-center\"><span style=\"font-size: 14pt;\"><span style=\"color: #339966;\"><i><span style=\"color: #37c392;\"><strong>&#8211; &#8211; &#8211; &#8211; &#8211;<\/strong><\/span><\/i><\/span><\/span><\/p>\n\n<h2 class=\"wp-block-heading\"><span id=\"Switzerlandis_at_the_forefront_ofinternationalcomparison\"><strong>Switzerland<\/strong><strong>is at the forefront of<\/strong><strong>international<\/strong><strong>comparison<\/strong><\/span><\/h2>\n\n<p>Looking at the crowdfunding volume per capita in an international comparison, Switzerland is one of the more relevant markets worldwide. As Figure 6 shows, Switzerland is in 7th place (2017), far behind the leaders USA and the UK, but surprisingly well ahead of our neighbors. It should be noted that the figures relate to all categories of crowdfunding (see Figure 1), i.e. not just crowdlending.  <\/p>\n<div class=\"wp-block-image\">\n<figure class=\"alignleft\"><a href=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2019\/10\/Grafik-Crowdfunding-Volumen.png\"><img decoding=\"async\" src=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2019\/10\/Grafik-Crowdfunding-Volumen.png\" alt=\"P2P Switzerland\"\/><\/a><figcaption class=\"wp-element-caption\">Figure 6: Crowdfunding volume per capita in selected countries in 2017 \/ Source: Crowdfunding Monitor 2019, IFZ Lucerne University of Applied Sciences and Arts.<\/figcaption><\/figure>\n<\/div>\n<h2 class=\"wp-block-heading\"><span id=\"Theses_on_crowdlending\">Theses on crowdlending<\/span><\/h2>\n\n<p>Based on the Crowdfunding Monitor 2019, the following market theses can be derived for crowdlending:<\/p>\n\n<ul class=\"wp-block-list\">\n<li><strong>Sustained growth<br\/><\/strong>Crowdlendig grew by around 40% in Switzerland in 2018. Continued growth in the double-digit percentage range is also expected for the coming years. <\/li>\n\n\n\n<li><strong>Market concentration and market shakeout<br\/><\/strong>The trend towards market concentration of three to five providers will become even more pronounced. This is because there are still too many platforms in Switzerland that are online but have only financed very few projects to date. These will disappear again in the short to medium term. On the other hand, market entries are likely to become increasingly rare.   <\/li>\n\n\n\n<li><strong>Crowdlending is moving away from the basic idea<br\/><\/strong>In crowdlending, more and more platforms are carrying out transactions between borrowers and lenders without a public tender and many loans are no longer financed by a swarm, but by a single professional investor. This reduces the importance of private individuals. <\/li>\n<\/ul>\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:100%\">\n<h2 class=\"wp-block-heading\"><span id=\"This_might_also_interest_you\">This might also interest you<\/span><\/h2>\n<\/div>\n<\/div>\n\n<link rel=\"stylesheet\" href=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/themes\/schweizerfinanzblog\/components\/post-list-component\/post-list-component.css\">\n\n<div class=\"post-list-componenet pt-2 pb-4\">\n\t<div class=\"row\">\n\t\t\t\t\t\t\n\t\t <div class=\"col-xl-6\">\n\t\t\t <a class=\"text-decoration-none\" href=\"https:\/\/schweizerfinanzblog.ch\/en\/splint-invest-experience-investing-from-50-eur\/\">\n\t\t\t\t<div class=\"d-flex post-list-card\">\n\t\t\t\t\t<div class=\"post-list-image \">\n\t\t\t\t\t\t<div class=\"image-wrapper\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2023\/03\/Splint-Invest-Titelbild_neu_ohne-EUR.png\" class=\"attachment-1920x1297 size-1920x1297 wp-post-image\" alt=\"Splint Invest experience\" \/>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"post-list-title px-2 d-flex align-items-center\">\n\t\t\t\t\t\t<p class=\"\">Splint Invest experience: Invest in Rolex &amp; Co. from \u20ac50<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t\n\t\t <div class=\"col-xl-6\">\n\t\t\t <a class=\"text-decoration-none\" href=\"https:\/\/schweizerfinanzblog.ch\/en\/real-estate-etfs-the-easiest-way-to-invest-in-concrete-gold\/\">\n\t\t\t\t<div class=\"d-flex post-list-card\">\n\t\t\t\t\t<div class=\"post-list-image \">\n\t\t\t\t\t\t<div class=\"image-wrapper\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1920\" height=\"1123\" src=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2024\/12\/Titelbild_nyc-4854718_neu-1.jpg\" class=\"attachment-1920x1297 size-1920x1297 wp-post-image\" alt=\"Immobilien-ETFs\" srcset=\"https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2024\/12\/Titelbild_nyc-4854718_neu-1.jpg 2500w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2024\/12\/Titelbild_nyc-4854718_neu-1-768x449.jpg 768w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2024\/12\/Titelbild_nyc-4854718_neu-1-1536x898.jpg 1536w, https:\/\/schweizerfinanzblog.ch\/wp-content\/uploads\/2024\/12\/Titelbild_nyc-4854718_neu-1-2048x1198.jpg 2048w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"post-list-title px-2 d-flex align-items-center\">\n\t\t\t\t\t\t<p class=\"\">Real estate ETFs: the easiest way to invest in &#8220;concrete gold&#8221;<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n<\/div>\n<h2 class=\"wp-block-heading\"><span id=\"Disclaimer\">Disclaimer<\/span><\/h2>\n\n<p><strong>Disclaimer: <\/strong>Investing involves risks of loss. You must decide for yourself whether you want to bear these risks or not. <\/p>\n\n<p><strong>Errors excepted:<\/strong> We have written this article to the best of our knowledge and belief. Our aim is to provide you as a private investor with the most objective and meaningful financial information possible. However, should we have made any errors, forgotten important aspects and\/or no longer have up-to-date information, we would be grateful if you could let us know.  <\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this article, we want to introduce you to an asset class that is still relatively unknown in Switzerland but is growing rapidly: Crowdlending, also known as peer-to-peer (P2P) or marketplace lending. In this first article, you will find out what P2P loans are and how the Swiss market presents itself. We draw on the [&hellip;]<\/p>","protected":false},"author":1,"featured_media":8066,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[199,207],"tags":[],"class_list":["post-9599","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crowdfunding-p2p-en","category-market-studies"],"acf":[],"_links":{"self":[{"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/posts\/9599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/comments?post=9599"}],"version-history":[{"count":7,"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/posts\/9599\/revisions"}],"predecessor-version":[{"id":10291,"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/posts\/9599\/revisions\/10291"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/media\/8066"}],"wp:attachment":[{"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/media?parent=9599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/categories?post=9599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/schweizerfinanzblog.ch\/en\/wp-json\/wp\/v2\/tags?post=9599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}