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Peer2Peer Finance News | October 17, 2017

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Nebeus plans P2P platform as part of ICO campaign

Nebeus plans P2P platform as part of ICO campaign
Danielle Levy

LONDON-BASED fintech platform Nebeus is planning to launch a peer-to-peer lending platform as part of its initial coin offering (ICO) campaign.

The crypto-currency specialist currently allows consumers to buy, sell, store, lend and borrow crypto-currency funds. It said the new P2P platform would enable its investors to use crypto-currency as collateral against loans.

“Both consumer and corporate clients will be able to benefit from this feature,” said founder Konstantin Zaripov.

Read more: Investor profile: Spread your bets

Nebeus has raised over £1.5M in private funding over the past few years and is now looking to open up its platform to third-party developers, with a long-term aim of creating a “supermarket” for financial products using blockchain and other types of smart contracts.

Development on the Nebeus platform began in 2014 and the company now has offices in both London and Barcelona. The Catalan capital has evolved into a tech hub of late; P2P consumer lender Zopa recently expanded its operations there as it said it is home to some of the world’s best tech talent.

Read more: Fintech “critically important” for future of UK financial services