STOCKHOLM, Sweden, Nov. 28, 2013 (GLOBE NEWSWIRE) -- TrustBuddy is pleased to announce a partnership with one of Europe's leading payment processing and issuing platforms. This will make the P2P platform more secure and easier to use. Further, it allows TrustBuddy to add another layer of fraud and money laundering prevention in the P2P lending process despite the P2P platform have had zero cases of fraud or money laundering since start.
Additionally, it will make the borrowing product more secure by fully authorizing a payment of the loan to protect TrustBuddy's lenders in the event of no payment from the borrowers. Consequently, the rolling effect of the capital per annum will increase. This will be implemented into TrustBuddy P2P system before the 1st of January 2013.
For further information, please contact:
Jens Glasoe, CEO, TrustBuddy International AB (publ)
+47 40 40 47 50, firstname.lastname@example.org
About TrustBuddy International AB (publ)
TrustBuddy International AB (publ) is the first P2P Lending company in the world to go public (on NASDAQ FIRST NORTH in 2011), and is currently the largest P2P Lending company in the world by loan numbers and customer growth. The company is continuously expanding, and is present throughout Scandinavia and in other selected countries in Europe. The company is listed at NASDAQ OMX First North in Stockholm with the ticker code TBDY. Mangold Fondkommission AB is TrustBuddy International AB (publ)'s Certified Adviser and market maker, contact number: +46 8-503 015 50.
Source:TrustBuddy International AB