|Joined Mintos:||June 2019|
|Annual percentage rate charged to borrowers:||350%-640%|
|Loans Outstanding on Mintos:||€ 3 360 855|
One of the fastest-growing loan originators in Ukraine - Alexcredit has finally joined the Mintos marketplace. Their platform originates payday loans within the range from EUR 50 to EUR 325 with a maturity of 25 days.
Established in 2017, Alexcredit has a leading presence in the 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.