Peak Collection is one of the first loan servicers in Germany to be granted a licence to provide payment services by BaFin, the Federal Financial Supervisory Authority. With its new payment licence, Peak can expand its range of services and develop additional areas of activity as a payment agent. Payment agents are allowed to maintain trustee accounts required for processing payments for specific projects and the investors involved in it. “The payment licence enables us to act, for example, as a Payment Agent and loan servicer for a new and prestigious peer-to-peer lending platform operated by a major German bank”, comments Jascha Hofferbert, managing partner and co-founder of Peak Collection.
