How Zonky Scaled Growing P2P Lending Platform

Lydia Parker
Cloud Tech Journalist
Jul. 23, 2019
2 minute read

Zonky is the largest peer-to-peer (P2P) lending company in the Czech Republic and a part of PFF Financial Holdings, an international financial and investment group. Since Zonky’s establishment four years ago, the company has sustained rapid growth—with plans to expand to Spain and Germany—and is now on track to be the largest P2P lending company in Europe. 

As a result of their accelerated growth, Zonky made the decision to move their operations to the cloud in order to accommodate their dynamic lending environment. Their migration to the cloud was also fueled by the need for an environment that was both scalable and flexible , while maintaining low costs and headcount.

Zonky chose Amazon Web Services (AWS) as its cloud provider and has been in the process of moving the majority of their infrastructure onto AWS. During the migration, Zonky discovered their need for a cloud management platform that would optimize their growing cloud environment while minimizing costs. The solution was found in CloudHealth’s comprehensive platform, which enables organizations to easily manage costs, improve governance, automate actions, and mitigate security risks across cloud environments. 

As Zonky’s main concern was cloud cost management, the CloudHealth Platform offered the best solution for providing insight into rapidly increasing costs. A key component of the CloudHealth platform is the visibility into how and why costs and spend may be growing, offering unprecedented transparency into Zonky’s AWS environment.

After just a few days of deployment, Zonky was quickly able to realize the value of the CloudHealth Platform. For example, CloudHealth identified a valuable cost-saving opportunity involving an unused disk, which led to a savings of $900. CloudHealth has enabled Zonky to set up alerts for other unused disks and EC2 instances to prevent unnecessary cloud spend. CloudHealth has also helped Zonky to allocate resources and activities into different groups, which provides the company with a more accurate prediction into future AWS bills and spend. 

As a result of these cost-saving initiatives, Zonky has brought in the PFF management team to experience the platform first-hand. The company is currently exploring opportunities to bring CloudHealth into other PFF business units.

To learn more about how CloudHealth helped Zonky reduce cloud costs and gain visibility into their AWS environment, check out the full case study.