Due to the risks associated with loans secured by the BuyBack guarantee, Lenndy platform is changing its business model and will no longer sell loans secured by the BuyBack guarantee to investors (related information).
Regarding current loans, issued with “Buyback” guarantee, on the basis of art. 9.1 of Lenndy Claim Assignment Agreement (Special Terms and Conditions) Lenndy platform operators exercised the right of buyback of the loans and re-purchased all loans with „Buyback“ guarantee from Lenndy investors on March 17, 2021. All capital + accrued interest as of March 17, 2021 is redeemed.
Please note that all active loans without buy-back guarantees are not affected by these changes and shall be covered in usual manner.
Despite the many challenges of 2020, Lenndy team is enthusiastic about the work ahead. We shall keep you updated on further developments.
If you have any questions regarding this change, please contact Lenndy on: email@example.com
We will be happy to assist you.