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Brighter outlook for loan service Toborrow - taking in 6.5 million

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Bradley James
Jul 27, 2016 14:27
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Sofie Lundström is CEO and co-founder of Toborrow.

Loan intermediary Toborrow NTL, backed up by including the Bonnier-owned investment company NFT Ventures NTL, has a number of tough months behind.

The company's business model is similar to the American model set Lending Club, and is about to pass on loans between private individuals and enterprises as a so-called peer-to-peer model.

In May hit the platform of a major setback when the company Nordic bike, which made loans through Toborrows users, filed for bankruptcy.

Recently, however, good news in the form of a long-awaited permission from the FSA.

Toborrow is then a month back approved the payment service provider in the Swedish market.

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Bradley James
Jul 27, 2016 14:27
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