General information
Lenndy is a P2P lending platform that is registered both in Lithuania and Latvia with its operational office in Vilnius, Lithuania. The platform was founded in 2016. Lenndy offers five loan types, which are business, single payment, mortgage, car loans and invoice financing. To date, more than EUR 38 million has been invested through the platform. Lenndy has four loan originators. According to the official databases, the UAB Giantus Group is the global ultimate owner of Lenndy.
Conclusion
Lenndy is a Lithuanian P2P platform with the promised return of 12-15%, which is above the market average return and is justified on the web page. Platform offers buyback and personal guarantees-personal guarantee depending on the loan type. There are features available such as autoinvest and secondary market that makes investing much easier and attractive. Lenndy provides information about the team which consists of three people. The platform only sells loans issued by the subsidiaries, which can be considered as a conflict of interest. Lenndy has not shared its 2020 annual report yet, but the 2019 annual report is available and it can be said that the platform had liquidity problems.
Board team
The platform shares only the names and positions of its team, which consists of three persons. Donatas Šatkauskas is the CEO and board member of Lenndy. The two other team members did not even mention that they are working at Lenndy on the publicly available sources.
