Switzerlend AG, the company that provides the Lend and Splendit loan origination platforms, has today announced that it is working with LoanClear to provide independently verified performance metrics to allow investors to scrutinize and monitor the performance of their lending. Since transparency is one Lend’s key values, the LoanClear verification is a logical step.
LoanClear uses loan tape data to create verified performance analysis. This allows investors to perform a like-for-like analysis of the track record of all lending originated on both the Lend and Splendit platforms. This new level of detail will enable investors to review the performance of Switzerlend’s platforms alongside other fintech lending platforms, and to compare risk and return characteristics across multiple geographies and asset types.
“Investors want to be able to compare performance across the lending sector to make informed decisions and identify the most attractive risk-adjusted return,” Lend head of risk modelling Arturo Vivas said. “We are proud of our track record at both Lend and Splendit and are very happy for investors to scrutinize the detail on our new statistics website. They will see our commitment to responsible lending, and identify which assets suit them best.”
“We are delighted that Lend is the latest platform to join LoanClear, and we look forward to helping to illustrate the company’s performance to investors,” LoanClear CEO Rupert Taylor said. “Their track record demonstrates an attractive return pick-up versus equivalent duration fixed income assets and we look forward to helping introduce these opportunities to new funding partners.”
