After the successful launch of Kredit Pintar Indonesia on Mintos in April of 2019, its sister company, Neuroncredit Financing Company Inc operating under the brand name Atome PH has just joined the marketplace and now offers new short-term investment opportunities from the Philippines.
Kredit Pintar Philippines was launched in late 2018 and has experienced exponential growth with close to 250 employees to date. It is a financing company licensed by the Securities and Exchange Commission (SEC) of the Philippines to originate micro consumer loans using an artificial intelligence-based risk management platform.
The company adopts strict underwriting standards and risk controls to safeguard the investor’s interest. Borrower onboarding and credit assessment are performed through the use of data-driven human-centred technologies to detect any potential fraud and borrowing on multiple lending platforms.
Kredit Pintar Philippines on Mintos
On Mintos, you can now invest in Philippines-issued short-term loans from Kredit Pintar. The loans are listed in Euro (EUR) and the average loan size is EUR 43 with a maturity ranging from 14 to 28 days. You can expect a net annual return of up to 12%.
All loans issued by Kredit Pintar Philippines will be secured with a buyback guarantee. This means, should a loan become delinquent for 60 days or more, the loan originator will repurchase the loan. Furthermore, the company will keep 10% of all loans placed on Mintos on its balance sheet, to maintain its skin in the game.
Kredit Pintar Philippines loans on the marketplace are secured with a buyback guarantee and all loans that are delinquent for 60 days or more will be repurchased by the company. A Group guarantee is provided by Neuroncredit Pte. Ltd., the parent company of Kredit Pintar Philippines and Indonesia.
As of the end of January 2020, Kredit Pintar Philippines has a net loan portfolio of EUR 5.7 million. In terms of revenue, the company has an average monthly revenue of around EUR 1 million.