Takkle

Takkle is a mobile application designed to facilitate peer-to-peer lending, allowing users to borrow and lend money directly without the involvement of traditional financial institutions. Launched in 2016, the platform operates primarily in the Nordic countries, including Denmark, Norway, and Sweden, though it has since expanded to other European markets. The app leverages blockchain technology to ensure transparency, security, and trust among users, though it is not fully decentralized like some other blockchain-based lending platforms.

Users of Takkle can request loans or offer funds to others within their network. Borrowers set the amount they need, the interest rate, and the repayment period, while lenders choose which requests to fund based on their preferences. The platform charges a small fee for facilitating transactions, which is deducted from the loan amount. Repayments are automatically processed, and the system uses credit scoring to assess the creditworthiness of borrowers, though it does not rely solely on traditional credit bureaus.

Takkle emphasizes financial inclusion by providing access to credit for individuals who may not qualify for loans from conventional banks. The app also promotes responsible borrowing by encouraging users to set realistic repayment plans and offering financial literacy resources. However, like other lending platforms, it carries risks, including the potential for default, which could result in financial loss for lenders.

The company behind Takkle, Takkle AS, is based in Oslo, Norway, and operates under regulatory oversight to ensure compliance with financial laws. While the platform has gained popularity for its simplicity and user-friendly interface, it remains a relatively niche solution compared to mainstream banking and lending services. As with any financial tool, users are advised to exercise caution and fully understand the terms before engaging in transactions.