Lendoit, a new decentralized P2P lending platform, has announced that it has partnered with one of Israel’s biggest institutional investment firms, Migdal Investment Banking. Established in 1965 and part of Migdal Capital Markets Group, it currently manages assets valued at $9 billion for thousands of clients in the Israeli private, business and public sectors.
Lendoit aims to connect borrowers and lenders from all over the world in a trusted, fast and easy way using the advantages of smart contracts and blockchain technology. It was co-founded by a team of developers with decades in the fintech industry – Ori Erez,Vlad Amirov, Yoav Pinkas and Avi Ben David, who have worked at invest.com, Tradency, 888, Easy Markets and more.
Ori Erez, Lendoit CEO, said: “Getting the support and endorsement from such large financial institution shows the impact of the Blockchain technology on the financial markets and the market for what Lendoit aims to bring to the table. We are proud to have strong supporters from the financial community on our side such as Roee Eizenman, CEO at Migdal Investment Banking. We believe that with the likes of MIB we will be able to open more doors and harness even greater support and many other strategic partners in our journey to revolutionize the lending industry.”
The company has also revealed to Finance Magnates that it is currently working in several countries in order to get operational licensing. Many countries both within and outside of Europe have already given the green light.