Peer-to-Peer Lending Insights: What’s Shaking the Industry in Week 37 of 2024
- Last week, allegations surfaced linking Loanch to former Cashwagon founder Maxim Chernuschenko.
- It appears that Fingular plans to acquire Loanch, with a profitable buyout in the works.
- The statement's publication in a Telegram group with only 68 members, rather than through Loanch's blog or email, has limited its reach.
Loanch Statement on Allegations and Acquisition Plans
Last week, allegations surfaced linking Loanch to former Cashwagon founder Maxim Chernuschenko. A statement has been published addressing these claims, revealing key facts about the situation.
- Loanch asserts that the beneficial owners of Cashwagon and Fingular are different entities.
- Loanch remains independent but is exploring acquisition opportunities with Fingular.
- Loanch was aware of the backgrounds of the Fingular team.
- Loanch defends Cashwagon Vietnam, stating it was successful and unfairly accused of usury.
It appears that Fingular plans to acquire Loanch, with a profitable buyout in the works. However, Loanch’s defense of Cashwagon Vietnam raises eyebrows, given the platform’s history of investor losses and ongoing investigations.
The statement’s publication in a Telegram group with only 68 members, rather than through Loanch’s blog or email, has limited its reach. This lack of transparency is concerning, and it is hoped that Loanch will issue a wider statement in the future.
About Loanch
Loanch offers a general sign-up bonus of 1.0% on investments during the first 90 days. For more information on Loanch, please refer to our loan experiences section.