Vexcash.com is the first and only PayDay lender in Germany.PayDay loans are called "Kurzzeitkredit" in Germany.When Vexcash launched in 2011 they brought the concept of PayDay loans to Germany as an alternative to regular long term loans. Vexcash overcame and adjusted to several regulations and started a cooperation with theGerman net m - Privatbank 1891. Since the beginning of 2013 the cooperation with this fully licensed German bank gave Vexcash a boost and made it grew rapidly. Vexcash lends money to people in financial circumstances when people suffer to get a loan anywhere else.Since Vexcash only lends money for 30 days it uses an own internal algorithm to calculate the risk whether the borrower will be able to pay back the amount within time.In Germany the so called "Schufa" is a credit investigation company which records 66 million private people and 5 million businesses. The "Schufascore" is an algorithm that also calculates the risk whether the borrower will be able to pay back the loan in time but on the basis of 12-36 months with an average amount of 20.000 Euro.Vexcash combines its own algorithm and the Schufascore to calculate its own risk lending money to applicants. Due to this fact, Vexcash also lends money to customers with a Schufascore H-I. Compared to a regular bank which in general lends money to people with Schufascore A-C.The whole applicant procedure happens in real time which makes it possible to transfer the loans within 30 minutes to the applicants account.

Banking

Credit

Finance

Vexcash

Azamat Kaptagayev

Viktoria Repich, M.Sc

Lucian Manolescu

Kristina Žnidarić

Karsten Schmidt

Ali Özen

Vexcash

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