Credissimo

Credissimo
Loans Originated Total volume of loans issued by this company to borrowers since its founding.
€ 222 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.
€ 11 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.
5%
Average Interest % The weighted average interest rate of investment opportunities from this lending company.
5.6%
Founded: The year the company was founded.
2007
Employees:
150
Joined Mintos:
Mar 2018
Loan Types: The type of loan the company has issued to borrowers.
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
Effective APR charged to borrowers: APR is not always the most representative measure of the cost of borrowing, therefore, Mintos shows effective APR. This is a unified measure among all loan originators on the platform. To calculate the effective APR, the methodology called XIRR (extended internal rate of return) is used, which is further adjusted to exclude compounding effects. Effective APR is calculated based on the cash flows charged to the borrower which includes principal, interest and any fees charged on a single loan basis, whether they are compulsory or not or are charged by a third party.
20%-49%
Outstanding investments: Total volume of outstanding investments from this company on Mintos. Updated daily.
277 706

About

Credissimo is a European fintech group that utilises innovative proprietary technology to provide instant online consumer loans, e-commerce financing and bill payment services. The company has operations in five European countries - Bulgaria, Macedonia, Poland, Romania and Spain. Credissimo adheres to the highest regulatory requirements and is strictly supervised by multiple European Banking and Financial Services Regulators including the National Bank of Bulgaria. Credissimo was the first company in the world to launch a fully automated chat for crediting on Facebook Messenger. In May 2017, it was the first lending company to accept Bitcoin from customers to repay their loans.

Last Updated: 22.07.2021

Last Updated: 21.07.2021

Last Updated: 26.07.2021