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Established in 2017, Alexcredit operates in Ukrainian online microcredit market. Thanks to its credit scoring algorithm, which is based on the application form details, behaviour data and credit bureau data, borrowers receive a credit decision in less than 20 seconds. From the total loan applications, 20-30% of requests are approved. At the end of March 2020, AlexCredit’s loans were suspended from the Primary and Secondary Markets on Mintos due to missed settlement payments to investors on Mintos.