Loan Originators

www.getbucks.com

GetBucks is one of the leading alternative lending companies in Africa. It is a part of MyBucks S.A. (WKN: A2AJLT, ISIN: LU1404975507, Ticker Symbol: MBC: GR), which is a fintech company based in Luxembourg that delivers seamless financial services through technology. Through its different brands, the company offers customers unsecured consumer loans, banking solutions, and insurance products. MyBucks has experienced exponential growth since its inception in 2011 and today has operations in twelve African and two European countries, as well as in Australia.

Founded:2011
Employees:800 (group)
Loan type:Personal loans
Annual interest rate charged to borrowers:10%
Annual percentage rate (APR) charged to borrowers:1905%
Loan portfolio:EUR 150 thousand (Poland as of April 2017)
Loans originated:EUR 1.8 million (Poland as of April 2017)
Skin in the game:5%

Fact Sheet  I  Presentation  I  Financials  I  Loan Agreement

www.iutecredit.al

IuteCredit Group is an Estonia-based company that operates in Albania and Moldova. It aims to be the fastest and most comfortable credit provider in the region. IuteCredit Group has been profitable since 2010 and is audited by Ernst & Young. As of May 2017, the Group's consolidated loan portfolio exceeds EUR 10 million. The company has more than 120 000 customer relationships and more than 35 000 loans outstanding. The average maturity of loans is 11 months, and the annual percentage rate (APR) is 70%. Historically, more than 90% of loans issued have been repaid in full.

Founded:2014
Employees:24 (as of April 2017)
Loan type:Personal loans
Annual percentage rate (APR) charged to borrowers:70%
Loan portfolio:EUR 3.4 million (as of April 2017)
Loans originated:EUR 7.3 million (as of April 2017)
Skin in the game:10%

Fact Sheet  I  Presentation  I  Financials  I  Loan Agreement

www.pangmaobao.com

PangMaoBao provides supply chain financing against outstanding invoices to well-known companies such as Amazon, Disney, DHL, Siemens and others. Founded in 2012, Zhaogang is the biggest e-commerce platform for the steel industry in China. Zhaogang is based in Shanghai and has more than 1 400 employees. Zhaogang operates 46 branches throughout China and Asia, including branches in South Korea, Vietnam, Thailand and the United Arab Emirates. Its revenue reached RMB 14.1 billion (EUR 1.9 billion) in 2015. Zhaogang has received backing from major venture capital firms in both China and abroad, including IDG, Sequoia Capital, Matrix Partners China and Zhen Fund. In January 2016, Zhaogang completed RMB 1.1 billion (EUR 151 million) series E round of financing, potentially the last round of financing before it is listed on the domestic stock market.

Founded:2012
Employees:1400
Loan type:Invoice financing
Annual interest rate charged to borrowers: 
Annual percentage rate (APR) charged to borrowers: 
Loan portfolio: 
Loans originated: 
Skin in the game:5%

Fact Sheet  I  Presentation  I  Financials  I  Loan Agreement

www.idfinance.com

ID Finance is a fast-growing data science, credit scoring and digital finance provider that is pioneering fintech innovation in emerging markets. The company is now the largest online lender in Russia, also operates in Kazakhstan, Georgia, Poland, Spain and Brazil, and plans to boost its presence in Latin America in near future. ID Finance has over 3 million registered customers and more than 800 000 loans have been issued to date, over 65% of which are to repeat loans. In 2016, ID Finance issued loans worth USD 92 million and generated USD 68 million in revenue, a 222% y-o-y growth. ID Finance is trusted by both private and institutional investors around the world. In February 2017, the company secured USD 50 million in debt funding to expand fintech to developing countries.

Founded:2012
Employees:380
Loan type:Short-term loans; Personal loans
Annual interest rate charged to borrowers:Short-term loans: 3100%; Personal loans: 370-970%
Annual percentage rate (APR) charged to borrowers: 
Loan portfolio: 
Loans originated:EUR 147 million 
Skin in the game:5% 

Fact Sheet  I  Presentation  I  Loan Agreement

www.eurocent.pl

Eurocent was founded in 2004 as a limited liability company in Poland. In 2012, the business became a joint stock company. Its shares are traded on the Polish alternative trading market (“Newconnect”) of the Warsaw Stock Exchange. Eurocent has served more than 93 000 clients and issued loans in the amount of EUR 42 million. The company has 78 employees; around 500 financial representatives cooperate with the company. For the last 13 years, the company has successfully provided consumers with its financial services.

Founded:2004
Employees:78
Loan type:Personal loans
Annual interest rate charged to borrowers:8%
Annual percentage rate (APR) charged to borrowers:81-107%
Loan portfolio:EUR 2 million (as of December 2016)
Loans originated:EUR 42 million (as of December 2016)
Skin in the game:10% 

Fact Sheet  I  Presentation  I  Financials  I  Loan Agreement

www.capitalservice.pl

Capital Service operates the second-largest non-bank lending branch network in Poland. It was founded in 1999 and has accumulated significant experience in consumer lending over the past 18 years. The company employs more than 430 people and has more than 51,000 active customers. Capital Service had a revenue of EUR 19.2 million in 2016, with net profit slightly above the EUR 1.8 million mark. The share of overdue loans in the company’s portfolio is 7.5%.

Founded:1999
Employees:436
Loan type:Personal loans
Annual interest rate charged to borrowers:62-112%
Annual percentage rate (APR) charged to borrowers:10%
Loan portfolio:EUR 10 million (as of December 2016)
Loans originated:EUR 157 million (as of December 2016)
Skin in the game:10% 

Fact Sheet  I  Presentation  I  Financials  I  Loan Agreement

www.aasaglobal.com

Aasa Global was established in 2010. Aasa's mission is to provide fast and convenient access to financial products and services based on transparency, promptness, simplicity and safety. Currently the Group is operating in Poland, Finland and Indonesia, and plans to expand in other European countries. The company currently employs more than 100 people in Poland through its subsidiary Aasa Polska. Aasa Polska has more than 167 000 active loans. Over the last 12 months, they have successfully tripled their outstanding loan portfolio in Poland to EUR 61 million while reporting positive operating and net results.

Founded:2010
Employees:103
Loan type:Personal loans
Annual interest rate charged to borrowers:10%
Annual percentage rate (APR) charged to borrowers:88-272%
Loan portfolio:EUR 61 million (as of December 2016)
Loans originated:EUR 152 million (as of December, 2016)
Skin in the game:5% 

Fact Sheet  I  Presentation  I  Financials  I  Loan Agreement

www.mozipogroup.com

Mozipo Group has been operating for more than ten years. Currently, Mozipo Group works in Denmark, Lithuania and Romania, and plans to expand to other European countries. The company currently employs more than 60 people. It has issued 620,000 loans worth over EUR 125 million. Their loan portfolio was EUR 9.3 million. The company plan to issue loans worth EUR 23 million this year.

Founded:2007
Employees:60
Loan type:Personal loans
Annual interest rate charged to borrowers:60%
Annual percentage rate (APR) charged to borrowers:112%
Loan portfolio:EUR 8.4 million (as of February 2017)
Loans originated:EUR 121 million (as of February 2017)
Skin in the game:10% 

Fact Sheet  I  Presentation  I  Financials  I  Loan Agreement

www.nordlizing.lv

NORD līzings was founded in 2011 and began offering auto leasing services starting in 2014. Since beginning operation, it has issued more than EUR 70 million in loans. The company's employees have more than 10 years of experience in the lending sector, ensuring quality in their lending services. NORD līzings vision is to lead the non-bank sector in flexible and quality leasing services. The company uses the newest IT solutions, which allows for fast and efficient data processing and loan issuing decisions.

Founded:2011
Employees:18 (as of January, 2017)
Loan type:Car loans
Annual interest rate charged to borrowers: 
Annual percentage rate (APR) charged to borrowers: 
Loan portfolio:EUR 2 million (as of December 2016)
Loans originated:EUR 2.8 million (as of December 2016)
Skin in the game:10%

Fact Sheet  I  Presentation  I  Financials

www.ifnextrafinance.ro

Extra Finance was founded in 2009 and is registered at the National Bank of Romania. Extra Finance has been operating for more than eight years and is the only Romanian Loan company that also provides Online and Mortage Backed loans.In 2015, Extra Finance had a revenue of EUR 13.5 million, with earnings slightly above the EUR 1.8 million mark. Their loan portfolio was EUR 9.3 million.The company is also a founding member of the Romanian Consumer Loan Association.

Founded:2009
Employees:28 (as of January, 2017)
Loan type:Mortgage loans
Annual interest rate charged to borrowers:16-48%
Annual percentage rate (APR) charged to borrowers:18-65%
Loan portfolio:EUR 10 million (as of December 2016)
Loans originated:EUR 26 million (as of December 2016)
Skin in the game:10%

Fact Sheet  I  Financials I  Presentation  

 

 

www.itfgroupbg.com

ITF Group was founded in December 2012 in Bulgaria. ITF Group is regulated by the Bulgarian National Bank. It currently employs more than 40 people and has six offices in major Bulgarian cities. ITF Group is known on the Bulgarian market as a reliable and fast-growing non-bank financial institution with a customer satisfaction score of more than 96%. Since beginning its operations, ITF Group has served more than 35 000 clients.

Founded:2012
Employees:46 (as of December, 2016)
Loan type:Short-term loans;Personal loans
Annual interest rate charged to borrowers:41%
Annual percentage rate (APR) charged to borrowers:Short-term loans: 2500-4000%; Personal loans: 360%
Loan portfolio:EUR 1.5 million (as of March 2017)
Loans originated:EUR 10 million (as of December, 2016)
Skin in the game:10%

Fact Sheet  I  Financials I  Presentation  

www.aventusgroup.eu

Aventus Group is an innovative and successful payday lender holding a strong position in the Czech Republic, Georgia, Latvia, and Poland. Aventus Group was founded in 2009 in Lithuania, and the group's businesses currently employ more than 85 people. Since beginning its operations, Aventus Group has served more than 500 000 clients. As of June 30, 2016, Aventus Group had a loan portfolio of EUR 12 million.

Skin in the game:10%

Presentation I  Financials I  Loan Agreement 

creditstar.pl

Creditstar is one of the leading non-bank lenders in Europe, offering unsecured consumer loans. The company is headquartered in Estonia, where Creditstar is a market leader with a 40% market share. Creditstar has established subsidiaries and provides services in Estonia, Lithuania, Poland, the Czech Republic, Finland, Sweden, Spain, and the United Kingdom. The aggregate loan portfolio of Creditstar Group was EUR 34 million as of March 31, 2016.

Founded:2006
Employees:80 (as of February 2017, group data)
Loan type:Short-term loans; Personal loans
Annual interest rate charged to borrowers:10%
Annual percentage rate (APR) charged to borrowers:513%
Loan portfolio:EUR 43 million (as of February 2017, group data)
Skin in the game:15% 

Presentation I  Financials I  Loan Agreement 

www.agrocredit.lv

AgroCredit is a non-bank loan originator that issues Latvian farmers loans secured with grain sale contracts. Farmers use these loans to finance necessary agricultural inputs and other working capital needs. Since starting its operations in 2011, AgroCredit has issued loans to several hundred farms in Latvia, all together financing over EUR 20 million in loans. As of Dec. 31, 2015, AgroCredit's loan portfolio was EUR 4.1 million, but it is expected that by the end of the 2016 season, it will exceed EUR 6 million.

Founded:2011
Employees:3
Loan type:Agricultural loans
Annual interest rate charged to borrowers:12-15%
Annual percentage rate (APR) charged to borrowers:12.5-16%
Loan portfolio:EUR 5.7 million (as of December 2016)
Loans originated:EUR 29 million (as of December 2016)
Skin in the game:10%

Fact Sheet  I  Presentation  I  Financials  I  Loan Agreement

lendo.ge

Lendo is a non-bank loan originator from Georgia that offers short-term, unsecured consumer loans. The company has offices and offers loans in Georgia's largest cities —Tbilisi, Batumi, Kutaisi, Zugdidi, Gori, Rustavi, Telavi, Poti, etc. All loans are issued at company branches. In the future. The company also plans to add more services, such as international bank transfers and currency exchange.

Lendo is a related party to Mintos as per IAS24 definition.

Founded:2016
Employees:243 (as of February, 2017)
Loan type:Short-term loans; Personal loans
Annual interest rate charged to borrowers:Short-term loans: 100%; Personal loans: 100%
Annual percentage rate (APR) charged to borrowers:100%
Loan portfolio:EUR 13 million (as of February 2017)
Loans originated:EUR 45 million (as of February 2017)
Skin in the game:10%

Fact Sheet  I  Presentation  I  Loan Agreement 

www.kreditogarantas.lt

Kredito garantas is one of the fastest-growing non-bank mortgage lenders in Lithuania. The company grants loans against real estate collateral to both individuals and businesses. Kredito garantas is owned by one of Estonia's largest mortgage lenders, Omega Laen, which also has a subsidiary and grants loans in Poland.

Founded:2009
Employees:6 (as of February 2017)
Loan type:Mortgage loans
Annual interest rate charged to borrowers:20-27%
Annual percentage rate (APR) charged to borrowers:22-30%
Loan portfolio:EUR 1.0 milllion (as of December 2016)
Loans originated:EUR 5.4 million (as of December 2016)
Skin in the game:10%

Fact Sheet  I   Presentation  I   Financials  I   Loan Agreement

www.acema.cz

ACEMA is one of the leading non-bank mortgage lenders in the Czech Republic and has been working in the market since 2002. ACEMA has set responsible lending as an essential criterion for its work, so that the company will be the first choice for Czech residents looking to meet their financing needs. To strengthen its market position in the Czech Republic, ACEMA has set up a network of sales agents across the country. In 2015, the company issued more than 500 loans for a total amount in excess of EUR 14 million. As of Dec. 31, 2015, the total assets of the company were more than EUR 36 million and profit from the core business in 2015 was EUR 4.4 million.

Founded:2001
Employees:31 (as of March 2017)
Loan type:Mortgage loans
Annual interest rate charged to borrowers:6-25%
Annual percentage rate (APR) charged to borrowers:6-25%
Loan portfolio:EUR 32 million (as of December 2016)
Loans originated:EUR 62 million (as of January 2017)
Skin in the game:5%

Financials  

www.afortifinance.pl

Aforti Finance is a non-bank lender that lends to small and medium-size businesses in Poland. Aforti Finance offers its services in four regions of Poland: Central Poland, Pomerania, Greater Poland, and Silesia. The company is part of the Aforti Holding, which is listed on the Warsaw Stock Exchange (the New Connect Alternative Stock Market). In 2016, the Aforti Holding’s revenues were EUR 14 million, with a profit of EUR 648 thousand, and total assets of EUR 7.7 million.

Founded:2009
Employees:26 (as of February 2017)
Loan type:Business loans
Annual interest rate charged to borrowers:24-36%
Annual percentage rate (APR) charged to borrowers:24-36%
Loan portfolio:EUR 1.6 million (as of February 2017)
Loans originated: 
Skin in the game:5%

Fact Sheet  I  Presentation  I  Loan Agreement   I   Interview with CEO

www.banknote.lv

Banknote was founded in 2009, and has become a trusted partner for more than 300 000 people across Latvia. Banknote offers personal loans, international bank transfers, and secured loans using personal property as collateral (pawnbroking) in its 96 branches across Latvia. In 2015, Banknote extended 400 thousand loans for a total of EUR 24 million. The company's consolidated net profit for the first half of 2015 was EUR 1 million.

Banknote is a related party to Mintos as per IAS24 definition.

Founded:2009
Employees:305 (as of February 2017)
Loan type:Short-term loans; Personal loans; Pawnbroking loans
Annual interest rate charged to borrowers:Short-term loans: 72-142%; Personal loans: 72-142%; Pawnbroking loans: 83-216%
Annual percentage rate (APR) charged to borrowers:Short-term loans: 72-142%; Personal loans: 72-142%; Pawnbroking loans: 119-336%
Loan portfolio:Short-term loans and Personal loans EUR 8.7 million; Pawnbroking loans EUR 1.7 million (as of December 2016)
Loans originated:EUR 123 million (October 2009 - December 2016)
Skin in the game:5%

Fact Sheet  I  Presentation  I  Financials  

www.capitalia.lv

Founded in 2007, Capitalia is a go-to lender for small and medium-sized enterprises that are seeking fast, simple, and transparent financing to grow their business. To date Capitalia has lent more than EUR 10 million to over 500 companies. As part of Altum, Capitalia also provides government-supported loans. In 2014, Capitalia issued bonds of EUR 1 million that are traded on the NASDAQ OMX Baltic market.

Founded:2007
Employees:12 (as of February 2017, group data)
Loan type:Business loans; Invoice financing
Annual interest rate charged to borrowers:18-50%
Annual percentage rate (APR) charged to borrowers:18-50%
Loan portfolio:EUR 2 million (as of December 2016, gross)
Loans originated:EUR 21 million (as of February 2017, group data)
Skin in the game:5%

Fact Sheet  I  Presentation  I  Financials  I  Loan Agreement

www.creamfinance.com

Consumer finance services provider Creamfinance was founded in 2012 in Latvia. It has achieved consistent growth since its founding. The company emphasizes using the most advanced and unique behavioral pattern recognition tools by focusing on relevant, value-added data, otherwise referred to as Smart Data. Utilizing advanced algorithms and machine-learning capabilities to quickly evaluate and score loans, Creamfinance offers a highly customized approach to the personal loan process in a speedy and reliable manner. It aims to become a one-click loan provider to consumers across the global. Currently, the company is fully operational in seven countries (Latvia, Poland, Czech Republic, Georgia, Denmark, Mexico and Spain) with an IT office in Austria. The company's lending run rate is EUR 150 million.

Founded:2012
Employees:285 (as of May, 2017)
Loans originated:EUR 200 million (as of May, 2017)
Skin in the game:5%

Fact Sheet  I  Presentation  I  Financials  I  Loan Agreement  

debifo.lt

Debifo is the first and leading invoice finance provider for small and medium-sized enterprises in Lithuania. Debifo seeks to help businesses expand by unlocking working capital stuck in outstanding invoices. Debifo clients provide products and services to trustworthy and large corporations in a wide array of business sectors. Since May 2015, Debifo has financed over EUR 3.6 million in invoices.

Founded:2015
Employees:6 (as of February 2017)
Loan type:Invoice financing
Annual interest rate charged to borrowers:18-30%
Annual percentage rate (APR) charged to borrowers:18-30%
Loan portfolio:EUR 1.9 million (as of February 2017)
Loans originated:EUR 7.9 million (as of February 2017)
Skin in the game:5%

Fact Sheet  I  Presentation  I  Financials  I  Loan Agreement   I   Interview with CEO

www.hipocredit.lv

Founded in 2014, Hipocredit issues mortgage loans to both private individuals and companies all across Latvia. The team consists of five people; most of the functions are outsourced (e.g. real estate valuation, legal advice, notary services). To date, Hipocredit has issued more than 500 mortgage loans for EUR 5.5 m.

Founded:2014
Employees:6 (as of February 2017)
Loan type:Mortgage loans
Annual interest rate charged to borrowers:10-15%
Annual percentage rate (APR) charged to borrowers:20-25%
Loan portfolio:EUR 4 million (as of February 2017)
Loans originated:EUR 7 million (as of February 2017)
Skin in the game:2%

Fact Sheet  I Presentation  I  Financials  I  Loan Agreement

www.manounija.lt

Founded in 1996, MANO UNIJA is among the largest credit unions in Lithuania, with operations in the city of Vilnius and its district and in the district of Trakai. To date, MANO UNIJA has issued more than 356 corporate loans totaling EUR 12 million. The company also provides mortgage, car, and consumer loans. Owned and operated by 3 thousand members, MANO UNIJA provides a safe place in which to invest money and a fair and trusted place from which to borrow. The MANO UNIJA administration and management team includes 17 experienced financial services professionals, lawyers and representatives, who are working to ensure the credit union’s continued success.

Founded:1996
Employees:20 (as of May, 2016)
Loans originated:EUR 16 million (as of April, 2016)
Skin in the game:5%

Fact Sheet

www.mogofinance.com

Mogo is the largest non-bank lease and car loan provider in its region with operations in Estonia, Georgia, Latvia, Lithuania, Poland and Romania. Mogo has lent a total of more than EUR 65 million in loans since the company was founded in 2012. In 2014, Mogo issued bonds of EUR 20 million that are traded on the NASDAQ OMX Baltic market. In 2015 Mogo attracted EUR 23.2million mezzanine funding to support further expansion. Mogo currently employs more than 200 employees, while the number of active customer exceeds 33 000.

Founded:2012
Employees:208 (as of December, 2016)
Loans originated:EUR 150 million (as of February, 2017)
Skin in the game:5%

Fact Sheet  I  Presentation  I  Financials  I  Loan Agreement  I   Interview with CM