Kviku

Last Updated: 31.07.2018.

Kviku
Loans Originated
€ 13 M
Loan portfolio
€ 7 M
Buyback Guarantee
With a buyback guarantee
Skin in the Game
10%
Average NAR%
13.8%
Website: www.kviku.com
Founded: 2013
Employees: 25
Joined Mintos: 30.08.2018
Loan Type: Personal Loan
Country: Russian Federation
Currency: EUR, RUB
Effective APR charged to borrowers: 331%
Loans Outstanding on Mintos: € 2 761 925

About

Kviku was one of the first fintech companies to challenge the traditional banks in Russia. The company operates completely online and offers a fast, reliable, convenient and transparent service. Kviku issues loans through its virtual credit card and point-of-sale partners and is regulated by the Central Bank of Russia.

Kviku’s business model assumes less risk compared to traditional payday loans, as only repeat borrowers get access to cash loans, whereas new clients can apply for non-cash loans to purchase goods or services.
 

Country Details