MoneyPark is now the number two mortgage in Switzerland. The company, launched in 2012, prides itself on having surpassed UBS and Credit Suisse in terms of volume of mortgages concluded last year. In a statement released on Wednesday, the company said it had a record breaking the 3 billion franc mark, up 40 percent from the previous year, according to its founder, Stefan Heitmann. In total, this fintech, which has belonged to the insurer Helvetia since the end of 2016, says that it was the source of around 19 billion francs in mortgages taken out and managed in Switzerland.
The comparison with the banks is nevertheless a shortcut. MoneyPark is an intermediary who does not take financial risk. She advises individuals who can then conclude a mortgage with one of its 100 financial partners, whether it be banks, insurance companies or pension funds. But, unlike banks, these credits do not appear in its balance sheet.
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