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IuteCredit

Last Updated: 26.07.2021. Date when the basic information was updated
IuteCredit
Loans Originated Total volume of loans issued by this company to borrowers since its founding.
€ 478 M
Loan portfolio Loans issued by the lending company to borrowers at the time of the most recent financial statement that are current or less than 60 days late.
€ 83.7 M
Buyback obligation A credit enhancement given by the lending company or other entity of a lending company group to the investor for a particular investment opportunity. If an underlying loan is more than 60 days late, the lending company is obligated to buy back the investment at nominal value plus accrued interest. Usually, this means investors will be able to recover their investment in case of a borrower default.
With a buyback obligation
Skin in the Game To ensure the interests of a lending company and investors are aligned, the company is required to keep a stake of each investment opportunity it offers through Mintos. This is called the company's skin in the game.
10%
Average Interest % The weighted average interest rate of investment opportunities from this lending company.
9.8%
Website:
iutecredit.com
Founded: The year the company was founded.
2008
Employees:
331
Joined Mintos:
Jun 2017
Loan Types: The type of loan the company has issued to borrowers.
Car loan Pledge type group vehicle
Personal loan Pledge type group unsecured
Short-term loan Pledge type group payday
Countries: Countries in which the loans were issued by the company.
Currencies: Currencies in which investment opportunities from the company are offered.
EUR
Annual percentage rate charged to borrowers:
24%-240%
Outstanding Principal: Total outstanding principal from this company on Mintos.
€ 9 032 577
Schedule extension: During the first 30 days after the due date of a loan payment, the borrower can opt for extending the loan payment schedule. The maximum number of extensions depends on the loan agreement and can't be more than 6. If the lending company agrees, the loan will be automatically updated, with the new schedule, and the due dates for all outstanding payments will be extended by up to 31 days. Investors will continue to earn the same interest throughout the remaining loan term.
Up to 6

Recent News

17.11.2021

IuteCredit reports its unaudited 9M 2021 results and invites investors to earnings call on 18 November

05.10.2021

IuteCredit issues €75 million of corporate bonds to professional and retail investors

19.07.2021

IuteCredit will report unaudited 6m 2021 results on 21 July 2021

17.05.2021

IuteCredit to report unaudited results of 3M 2021 on 20 May 2021

13.04.2021

Funded loans volume on Mintos grew 26% in Q1, fueled by investors’ increasing confidence

05.03.2021

Sun Finance, IuteCredit, and Mogo among Financial Times fastest-growing companies in Europe

12.02.2021

IuteCredit will report unaudited results of 2020 on 18 February 2021

01.12.2020

IuteCredit places € 10 million tap on existing senior secured corporate bonds

30.10.2020

IuteCredit reports unaudited 9M 2020 results on 29 October 2020

22.09.2020

IuteCredit to be listed in the General Standard of the Frankfurt Stock Exchange
All News

About

IuteCredit - established in 2008 - is a European personal finance company. The Group is specialized in consumer credits via its 100% subsidiaries using equity and loan capital. IuteCredit serves customers currently in Moldova, Albania, North Macedonia, and Bosnia and Herzegovina. IuteCredit's loan products are unsecured consumer loans with maturities between 1 month and 36 months and car-secured loans with maturities up to 60 months. The mission of IuteCredit is to create an extraordinary experience in personal finance by exceeding customers' expectations.

Presentation

Presentation

Last Updated: 23.02.2022

Financials

Financials

Last Updated: 12.05.2021