As it becomes possible to answer various questions – in relation to TrustBuddy’s lenders and borrowers, as well as its shareholders and employees etc. – the answers and information about the bankruptcy etc. will be posted on the bankruptcy website, in both Swedish and English: www.lindahl.se/trustbuddy. We refer everyone to this page first for answers to all of their questions.
Trustbuddy had commissioned unlaw- ful loans on their platform by transferring existing loans on the platform to new borrowers without informing the initial lenders. Trustbuddy immediately ceased operations in October 2015, leaving SEK 44 million of the platform users’ money traceless (Lundell, 2015).
TrustBuddy is the world's largest short-term peer-to-peer company and are active in 6 countries throughout Europe.