Published: 2013-01-18 11:08:23 CET
TrustBuddy AB
Company Announcement

TrustBuddy launches in Spain - more than triples its market segment and target group

Stockholm, 2013-01-18 11:08 CET (GLOBE NEWSWIRE) -- One of the key countries targeted by TrustBuddy has been Spain, and TrustBuddy has just officially opened for business on its Spanish platform.

TrustBuddy established its Spanish presence back in the fall of 2012, with a local HQ in Barcelona. TrustBuddy has also developed/adapted a new structure for credit worthiness and credit control, which further ensures the security of the lender funding. Just as with the recent soft launches of the TrustBuddy platforms in Denmark and Finland, TrustBuddy will initially be  restrictive and review the local results carefully before boosting its services on a normal basis. There has already been a soft-launch test phase, with highly satisfying results. The P2P platform will be generating revenue from January 2013.

TrustBuddy evaluates the market potential in Spain as excellent. A successful launch in Spain will more than triple the total market potential for TrustBuddy. Further details on the Spanish market and TrustBuddy's presence will be issued later.

As previously stated, TrustBuddy is working with a series of new launches, and will be reporting on these through separate market updates.

För ytterligare information, vänligen kontakta:

Jens Glasø, VD, TrustBuddy International AB (publ)

+47 40 40 47 50, investorcare@trustbuddy.com

http://trustbuddy.com/

http://trustbuddyinternational.com/

 

 

About TrustBuddy International AB (publ)

TrustBuddy International AB (publ) is one of the first in the world to focus on arranging loans and capital provision between buddies in Scandinavia in an organised manner. The company is listed at NASDAQ OMX First North in Stockholm. Mangold Fondkommission AB is TrustBuddy International AB (publ):s Certified Adviser and market maker, contact number: +46 8-503 015 50.