Zank is a simple concept. Creditworthy borrowers and small savers meet to benefit each other. Zank offers an alternative to banks allowing people to invest in other people directly with two clear objectives:
1.Savers get much higher returns of their investments compared to bank deposits or similar investments.
2.Borrowers get better rates for their loans and they can get loans easily.
Zank was founded in 2013 by three MBA graduates of IESE Business School and very soon received seed investments from Idea Ventura and Plug&Play TechCenter, a Silicon Valley accelerator with offices in San Francisco and Valencia. In September of 2013 Zank was selected to participate in the acceleration program of Plug&Play Valencia with another six startups.