| Founded | 2016 |
|---|---|
| Closed | 2021 |
| Country | Philippines |
| Sector | Fintech |
| Collapse type | Slow Death |
Lendr
"COVID wiped out Lendr's SME borrowers before regulators could finish them off."
Years-long decline before final shutdown
Key Events Timeline
Lendr, a P2P lending platform backed by First Circle and operating in the Philippines, struggled with high default rates exceeding 25% during the COVID-19 pandemic in 2020.
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