We’re happy to announce Kviku as the first company from Russia to offer Forward Flow to investors on Mintos.
Forward Flow is a new and unique product in the crowdlending market. A Forward Flow represents a commitment to invest in a set of pre-agreed underlying loans, at a predetermined rate for a given period of time. For the duration of the Forward Flow, investors receive weekly interest payments based on the performance of these underlying loans.
Kviku Forward Flows will start with a maturity from 1 year, and interest rates of up to 15%, which is higher than the average interest rate for existing Kviku loans available for investment. Each Forward Flow will have a minimum amount of € 5 000 and a maximum amount of € 50 000.
Investors can invest in Kviku Forward Flows like in other loans on Mintos. If you want to invest with a Custom automated strategy, make sure to select Forward Flow in the loan type filter.
To obtain exposure to Forward Flows offered by Kviku, investors will be able to invest in loans issued by Mintos Finance to Kviku. In accordance with agreements concluded by Mintos Finance and Kviku, the loans will be secured by a pledge over part of the claim receivables of Kviku to its borrowers. Mintos Finance is a Mintos group company. A detailed description of the structure is available in the Mintos Finance loan agreement and assignment agreement.
Kviku on Mintos
Kviku was among the first lending companies from Russia to join Mintos in 2018. The current amount of Kviku outstanding investments on Mintos is € 6 181 270. There are 52 706 investors with active investments in Kviku loans, with the average investment per investor being € 117.27
Kviku forms a Group of online lending companies with operations in Russia, Kazakhstan, Ukraine, Spain, Poland and the Philippines. Kviku has more than 1 million active clients and has disbursed over 1.5 million loans. The company currently has a net portfolio of RUB 1.3 billion (c. € 15 million) and is regulated by the Central Bank of Russia.
Since 2013, Kviku has been issuing loans through its virtual credit card and point-of-sale partners, and remains the leading POS microlender in Russia. Credit scoring is done fully online in under 60 seconds, using a proprietary risk scoring model that is based on over 10 000 parameters and includes data from credit bureaus, mobile operators, social networks, banks, etc.