TrustBuddy AB announces proprietary credit scoring engine and increased return to lenders

Since the company's inception, TrustBuddy has gathered huge amounts of loan data (+570 000 loans issued through the platform) that has allowed us to build a completely new consumer credit-scoring engine for the Nordic markets. This new credit-scoring engine, which will go live during June/July 2015, is built in-house using advanced mathematics and statistics on a cloud based architecture. The TrustBuddy scoring engine is a sizeable asset for the company and creates substantial value that will grow over time. Going forward, TrustBuddy will no longer need to depend on 3rd parties' credit scoring abilities.

| Source: TrustBuddy AB TrustBuddy AB

By Q3 2015, TrustBuddy expects to have reduced the share of originated loan volume that reaches debt collection by 20% - 50% year-on-year, with the aid of our new credit policies and proprietary credit-scoring engine. This will have a substantially positive impact on the return to lenders on our platform.

 

For more information please contact:

Linus Lönnroth, Acting CEO, TrustBuddy AB (publ)

investorcare@trustbuddy.com

http://investor.trustbuddy.com

 

About TrustBuddy AB (publ)

TrustBuddy is a leading diversified peer-to-peer group that operates in Northern Europe. The Group operates under three different brand names (Geldvoorelkaar, Crowdfunding Society and TrustBuddy). The group offers peer-to-peer financing for small and mid-sized companies and consumer loans.

The company is listed at Nasdaq First North in Stockholm. Erik Penser Bankaktiebolag is TrustBuddy AB (publ)'s Certified Adviser and market maker, phone number: +46-8-463 80 00.

Attachments

Pressmeddelande_2015-06-01_eng.pdf