UCG TRUST marketplace has concluded a second funding round, attracting $ 3 million from United Capital Group based venture capital firm.
UCG TRUST brings together investors around the world, which gives an opportunity to attract an additional financing for a small businesses in particular in Czech Republic and Slovakia.
"In a world where lending platforms can offer many criteria options, UCG TRUST committed to a differentiated approach, directing investors' capital in lending through our lending platforms. Some factors set the stage for growth among alternative lending platforms in Slovakia and Czech Republic, where there is government regulation of the industry that streamlines the process of debt collection and implementing security. All this has allowed UCG TRUST establish favorable interest rates for borrowers and a fixed rate of return for investors." - Mark Adams, Deputy CEO of UCG Marketplace LTD.