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Vexcash.com is the first and only PayDay lender in Germany since 2011. PayDay loans are called "Kurzzeitkredit" in Germany.
Vexcash overcame and adjusted to several regulations and started a cooperation with the fully licensed German net m - Privatbank 1891 in 2013.
Vexcash lends money to people in financial circumstances when people suffer to get a loan anywhere else. Since Vexcash only lends money for 30 days it uses an own internal algorithm to calculate the risk whether the borrower will be able to pay back the amount within time. In Germany the so called "Schufa" is a credit investigation company which records 66 million private people and 5 million businesses. Vexcash combines its own algorithm and the Schufascore to calculate its own risk lending money to applicants.
The whole applicant procedure happens in real time which makes it possible to transfer the loans within 30 minutes to the applicants account.