Nexo is a blockchain-based lending platform that offers users instant cryptocurrency-backed loans in the form of real or stablecoin money.

Lending is the activity of borrowing money to someone and getting interest in return. Traditionally lending was solely performed by banks but recently more and more lending solutions are offered. Marketplace lending is a relatively new kind of online lending. It uses online “platforms” to connect consumers or businesses who seek to borrow money with investors willing to buy or invest in the loan.

Decentralized Finance (DeFi) combines all kind of financial applications, from storing or sending cryptocurrencies, to borowing, earning of interest and making investments without a bank. With zero-to-negative interest rates and a lack of transparency in the traditional financial system, they are an attractive alternative.