Lendoit, a new decentralized P2P lending platform, has announced its partnership with one of Israel’s largest institutional investment firms, Migdal Investment Banking. Founded in 1965 and part of the Migdal Capital Markets group, it currently manages assets valued at $ 9 billion for thousands of clients in the Israeli private, commercial and public sectors.
Lendoit aims to connect borrowers and lenders around the world reliably, quickly and easily using the benefits 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 Moreover.
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Ori Erez, CEO of Lendoit, said: “Getting the support and approval from such a large financial institution shows the impact of Blockchain technology on financial markets and the marketplace for what Lendoit aims to deliver. We are proud to have strong supporters of the financial community with us, such as Roee Eizenman, CEO of Migdal Investment Banking. We believe that with companies like 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 also revealed to financial tycoons that it is currently working in several countries to obtain operational licenses. Many countries, both inside and outside Europe, have already given the green light.