Lendico: P2P lending platform launched across 4 markets simultaneously - acquired by ING-DiBa for the technology Gradion built.
Snapshot
Client
Lendico (acquired by ING-DiBa)
Industry
Fintech / P2P Lending
Geography
Germany, Netherlands, Switzerland, Brazil
Size
Not specified
Challenge
Greenfield P2P lending platform - multi-market simultaneous launch, full online loan origination
Services
Full platform development, multi-jurisdiction architecture, online loan application and approval workflow
Duration
Ongoing
Team
Not specified
Fully online
loan application and approval
100%
online loan origination
Download this case study as a PDF
Shareable leave-behind · auto-generated · always up to date
Client Context
Lendico launched as a P2P lending marketplace aiming to connect borrowers directly with lenders, cutting out traditional banking intermediaries. The model required a fully digital loan origination process - borrowers needed to apply, be assessed, and receive approval entirely online, without branch visits or paper-based documentation. From the outset, Lendico’s ambition was not to prove the model in one market and expand sequentially; the plan was to launch simultaneously across multiple geographies. The four target markets - Germany, Netherlands, Switzerland, and Brazil - each carry distinct regulatory environments, credit assessment frameworks, and consumer expectations. Building a single platform capable of serving all four from launch required an architecture designed for jurisdictional flexibility from day one. The acquisition by ING-DiBa - Germany’s 3rd largest bank - validated the platform’s strategic value directly. As Nils Beier, Managing Director at Accenture Strategy, observed at the time of the acquisition: “The bank isn’t taking over a company with a customer base, but buying a technology that can be quickly hooked into and close a gap in operations.”
The Challenge
P2P lending platforms carry a more demanding technical and regulatory surface area than most fintech products. The loan origination workflow must handle identity verification, credit scoring, risk assessment, investor matching, contract generation, and regulatory reporting - all online, all reliably, all in compliance with the rules of each jurisdiction the platform operates in. Building any one of these capabilities correctly is a significant engineering challenge. Building all of them simultaneously for four markets with different legal frameworks is an order of magnitude harder. The simultaneous multi-market requirement meant that no single market could be used as a reference deployment to learn from before the next. Architecture decisions made for Germany had to be correct for Brazil. Compliance requirements in Switzerland had to be anticipated before going live in the Netherlands. There was no soft-launch runway.
The Approach
Gradion built the complete P2P lending platform, covering the full loan lifecycle from initial borrower application through credit assessment, investor matching, contract generation, and repayment management. The application and approval workflow was designed to be entirely online - no manual steps, no branch intervention, no paper documents required at any stage. The platform architecture was built for multi-jurisdiction operation from the ground up. Regulatory compliance logic, credit assessment rules, and product configurations were implemented as jurisdiction-specific layers sitting on top of a shared core, enabling Lendico to operate consistently across Germany, the Netherlands, Switzerland, and Brazil without maintaining four separate codebases. This structural decision proved consequential: it made the platform portable and integrable - precisely the quality that made it attractive to a bank looking to close an operational gap. The four-market simultaneous launch was executed without a phased rollout. All markets went live on the same platform, with the same underlying infrastructure and the same standard of compliance handling, adjusted for each jurisdiction’s specific requirements.
4-market
simultaneous launch - Germany, Netherlands, Switzerland, and Brazil launched in
100%
online loan origination - full application, assessment, and approval workflow co
The Results
4-market simultaneous launch - Germany, Netherlands, Switzerland, and Brazil launched in parallel on a single platform 100% online loan origination - full application, assessment, and approval workflow completed without branch visits or paper documentation Acquired by ING-DiBa - Germany’s 3rd largest bank acquired Lendico specifically for the technology platform Platform continued in production post-acquisition - ING-DiBa continued operating the Gradion-built systems after acquisition, confirming the platform’s production quality and integration readiness Acquisition framing from Accenture Strategy: “The bank isn’t taking over a company with a customer base, but buying a technology that can be quickly hooked into and close a gap in operations.” - Nils Beier, Managing Director, Accenture Strategy
Services & Technology
Services delivered
- Greenfield P2P lending platform development
- Online loan origination workflow (application, assessment, approval)
- Multi-jurisdiction architecture design
- Credit assessment and risk logic integration
- Regulatory compliance across 4 markets
- Investor-borrower matching engine
- Contract generation and repayment management
Technology stack
- Custom web platform (full-stack)
- Online identity verification and credit scoring integrations
- Multi-jurisdiction compliance layer
- Automated loan workflow engine
Engagement model
Platform development partner
Discuss how we built the Lendico platform - and what that means for your fintech challenge.
Describe the platform. We will scope the engagement.