What we do and why we're doing it.

We’re Nexx, a new service that connects people who need money to people who have some to spare and are looking for a good rate of return.

We are not a finance company. We’re an online money matchmaking service that allows borrowers to list their financial projects online and lenders to pledge funds at an interest rate acceptable to them - just like an online auction. With no bank or finance company in the middle, the interest rate paid by borrowers is the same as the rate that lenders receive.

Borrowers get flexibility and fantastic interest rates, and investors get good returns on their money with real transparency about where their money is going - that's the Nexx difference.

Our team's vision is to transform the market and create real value for both borrowers and lenders.

We want to build a community that will create more rewarding financial relationships. We believe that personal finance should be personal - lenders should be able to choose where their money is invested, and borrowers should have a personal (not just financial) obligation to the people whose money they are borrowing.

Behind the vision there is an extremely sophisticated system that tracks applications, screens and credit checks borrowers, an auction system that allows lenders to bid on the loans that they want to fulfill, and of course a system that tracks loans and repayments.

The name Nexx comes from the words 'Nexus', 'Connection', 'Next' and 'Exchange'. A Nexus is a series of connections which represents the physical relationships that will be created using the Nexx Social Lending platform.