Since peer-to-peer is all about giving power to the people, it only made sense for us that those ‘people’ not be restricted to only those in the UK. We have always been open to international lenders albeit with a different due diligence process. But we want to make the process even more seamless for individuals living abroad who want to lend money with us.
Doing Anti-Money Laundering and Know-Your-Customer checks on foreign lenders takes a different route due to the varying degrees of information available from each country. However we have introduced a new solution provider that can help smoothen the onboarding process (making it similar to those that we hold for UK residents) for nine countries.
What does this mean?
Prospective lenders from these countries will now just need to complete our online registration form and wait for a member of the Relendex team to approve them (providing of course that all details provided pass the checks).
Which are the countries?
- Australia
- Switzerland
- Canada
- Denmark
- Italy
- Germany
- Latvia
- Netherlands
- Sweden
But my country isn’t one of the nine?
We still accept registrations from international lenders (with the exception of US citizens, sorry!) but the due diligence process will be manual.
We hope to broaden this list of countries as we grow and as more standardised information is available. Why not let us know which country you’d like to see on the list next?
