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Nidwaldner Kantonalbank launches crowdlending

The Nidwaldner Kantonalbank is now providing crowdlending via the platform funders.ch. It gives companies and startups the chance to acquire credit from the general public.

Image Credit: NKB
Image Credit: NKB

With the start of the new year, the Nidwaldner Kantonalbank (NKB) has expanded its crowdbanking portfolio. It is now providing crowdlending via funders.ch, announced a statement. This is a method of financing in which the public provides a company with credit and the funders receive their contribution with interest back after an agreed period.

NKB has been a partner of Luzerner Kantonalbank’s (LUKB) funders.ch platform since February 2017, meaning it has cooperated from the off. Alongside LUKB, NKB is the second cantonal bank to offer crowdlending via funders.ch.  

“Crowd-sourced financing has great potential,” commented Heinrich Leuthard, chairman of the management board of NKB. NKB didn’t want to miss out on the trend that has so far been most prevalent in the Anglo-Saxon countries, he added.   

Companies wishing to receive crowdlending via funders.ch must be listed in the commercial register, have a defined goal and apply for at least 20,000 Swiss francs, according to NKB. Private credits are not permitted.

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