DEQbank

DEQbank was a Luxembourg-based online alternative investment and lending platform. It was founded in 2008 and specialized in providing loans to individuals and small businesses. The platform claimed to utilize a proprietary scoring system to assess borrowers' creditworthiness.

Borrowers could access loans through DEQbank's online platform, selecting from a range of loan amounts and terms. DEQbank's primary focus was on offering loans to individuals and small businesses with lower credit scores, who may have been rejected by traditional lenders. The loans were typically priced with higher interest rates in comparison to conventional bank loans.

Investors could also participate in DEQbank by lending funds to borrowers and earning interest on their investments. The platform claimed to provide detailed information about borrowers and their loan repayments, allowing investors to make informed decisions.

DEQbank was shut down in 2013 due to regulatory hurdles. At the time of its closure, DEQbank stated that it had originated over €100 million in loans and that its investors had earned around 10% returns per annum.

The rise and fall of DEQbank has been mentioned in the context of alternative finance and crowdfunding. Some experts have noted that regulatory challenges and a shift in investor appetite contributed to the platform's demise. Others have highlighted DEQbank's innovative approach to addressing unmet financing needs in the market.