Lendrock

Lendrock gives access to finance for customers who would not get a loan elsewhere by deploying its cutting-edge technology enabling instantaneous loan approval.

  • Stage Full Product Ready
  • Industry Fintech
  • Location Madrid, Spain
  • Currency EUR
  • Founded September 2015
  • Employees 7
  • Incorporation Type Other
  • Website lendrock.com

Company Summary

Lendrock serves an uncrowded €700Mp.a. market for used cars <€4K. It offers loans directly at dealerships (POS) for customers with limited access to credit. Through its platform loan origination takes just a few minutes. To reduce credit risk it analyzes 100+ data sources and deploys its proprietary underwriting algorithm (adapted from a microlender with 65K+ loans). It earns revenue from interest spreads (consumers) and handling fees (dealers).

Team

  • Marta Bruska
    CMO

    - IE MBA
    - MA from John Hopkins
    - EBRD & IFC project manager
    - Monitored performance of over €3.3B in loans and equity investments for EBRD across emerging markets

  • Ventura Pobre
    CEO

    - HBS MBA
    - Aeronautical Engineer from Imperial College
    - Bain&Co. consultant
    - Restructured, grew and sold stake in industrial business with US$700M turnover and 7,000 employees

  • Pedro de la Pena
    COO

    - HBS MBA
    - Agricultural Engineer from Politécnica Madrid
    - Boston Consulting Group consultant
    - Founded digital microlending business; 70,000 loans issued with best in class underwriting

  • Aitor Ibaceta
    CTO

    - Computer Engineer from Politécnica Madrid
    - Developed and managed technology platform for Blink Booking – later acquired by Groupon

Starting a startup?

Join the world's largest startup network for guidance, tools, and fundraising opportunities.

Get Started for Free