Not only a sensational 2019 for Cashare with strong growth is coming to an end, but an entire decade as well. We take this opportunity to elaborate a bit on the traditional year in review.
A Decade of Fintech
In 2010, the company Cashare AG, founded in 2008, was still the only disruptive fintech in Switzerland. Various media reported on us and undoubtedly the highlight was a report in the ECO magazine on SRF1.
The term fintech itself only took hold around 2012, before it definitely took off in the press and became the epitome of the new financial world. The term crowdlending also came much later, while at the beginning of the decade people still talked about "social lending" or "P2P loans."
Only from 2015 did the first additional crowdlending platforms come onto the market and benefit from Cashare's many years of pioneering work. As the first crowdlending platform, Cashare introduced SME loans in August 2015 and mortgage-secured loans in May 2016.
Numbers and System Developments 2019
The year 2019 goes down in Cashare's history as another record year. We were able to record very strong growth in every single loan product. We also broke through the CHF 1 billion barrier in requested credit volume.
With a strongly grown crowd of now over 35,000 users, Cashare remains Switzerland's largest crowdlending platform. Over 2,400 loan projects were successfully financed.
Despite the further addition of highly qualified employees, EBIT was also significantly improved and revenues increased strongly.
Product Developments
The lowering of the threshold to CHF 100 for investments in private loans was successful, significantly improving diversification possibilities.
The new "SME Short-Term Loan" product was also very well received – a bullet loan with a maximum term of 12 months and attractive conditions.
The "Cashare Secondary Market" introduced at the end of the year, where loan tranches can be bought and sold, was a big hit. The secondary market helps investors keep liquidity high and flexible.
Into the New Year(Decade)
There is a sensational basis for a dynamic start into the new year(decade). Our thanks go especially to Cashare's customers, who trust us day in and day out.
We are starting 2020 at full speed and look forward to everything that comes. From the heart, we wish you and your loved ones a good start to a healthy, happy and successful new year.
Best regards and a happy new year Your CEO Michael Borter and the entire Cashare Team!
