Former Relendex director launches funds agency

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A former director of peer-to-peer lending platform Relendex has launched a brand new funds agency in Luxembourg.

Ivan Zhiznevsky was appointed a director of Relendex in June 2016 however resigned from the put up on 26 June 2022.

He co-founded challenger financial institution 3S Cash in June 2018. Final week, 3S Cash gained an digital cash establishment license by the Fee de Surveillance du Secteur Financier (CSSF) in Luxembourg.

Simply 12 different corporations have been granted this license up to now.

Learn extra: Relendex experiences second consecutive yr of earnings

In a put up on Linked In, Zhiznevsky stated that the corporate had been working to get this license for greater than two and a half years.

3S Cash has opened an workplace within the Luxembourg Home of Monetary Expertise, which can develop into the fintech’s European base.

Learn extra: CapitalStackers funding exceeds £150m

“As we glance to develop our enterprise account and commerce finance providing, Luxembourg is the perfect location to develop into our European headquarters,” stated Zhiznevsky.

“It is a large milestone in reaching our mission to interrupt down obstacles for companies trying to scale globally.”

Zhiznevsky added that there are already 9 folks “and counting” staffing its Luxembourg workplace. The agency is continuous to put money into enlargement throughout key areas such because the UK, Dubai, Latvia and Luxembourg, constructing out its compliance, product, and enterprise growth groups, and investing in R&D within the area.

Learn extra: Assetz Capital experiences 2022 lending peak in July

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