Online marketplace for person-to-person lending

smava is Germany’s first P2P lending market place and sets out to enable investors and borrowers to gain a considerable financial and social advantage. Just as eBay facilitates the sale of goods between individuals on the Internet, smava transfers the idea of private money lending between individuals to the Internet.

smava earns money by charging the borrower a single performance fee of one percent of the loan sum financed. The service is free for investors. smava GmbH, a German company based in Berlin, was established by an experienced management team from the finance and Internet sectors.