Lendico, a peer-to-peer lending service launched by Rocket Internet-backed Africa Internet Holdings, has expanded from Europe into Africa.
Peer-to-peer lending startup Lendico will launch in South Africa, its parent company Africa Internet Holding has announced. Mobile telecommunications companies Millicom and MTN, together with venture capital firm and startup incubator Rocket Internet, which is backed by J.P. Morgan, hold shares in AIH.
Lendico launched in Germany at the end of 2013, and has since expanded to Spain, Poland and Austria. South Africa will be the first market it has entered outside of Europe.
The company aims to offer a…
