Founded in 2009, TrustBuddy was a pioneer in the European P2P lending market. Headquartered in Stockholm, Sweden, the company operated a digital marketplace connecting private lenders with borrowers seeking small, short-term loans. It grew rapidly, acquiring competitors and expanding its operations to several European countries. However, in 2015, the company collapsed after an internal investigation uncovered severe misconduct, including the misappropriation of client funds and the use of new lender capital to pay off existing lenders, leading to its eventual bankruptcy.

Founded in

Sweden