Viventor is thrilled to expand their horizons beyond the borders of Europe and announce their first partner with operations in Russia – Kviku loans!
Founded in 2013, the Cyprus based company has developed an online platform providing instant credit solutions to consumers in Russia, Kazakhstan and Spain. Kviku’s innovative approach allows new customers to get an instant point of sale loan for the purchase of goods or services, whereas repeated clients can apply for a standard installment loan.
Kviku provides financing from 15€ up to 1500 € with a term of 2 to 12 month. Currently the company has issued and serviced more than 400’000 loans, worth more than EUR 20 million. The company’s loan portfolio has grown to EUR 8.5 million while the revenue has exceeded EUR 13 million in 2018.
Investors will be able to invest in Kviku’s Russian loans which will be assigned from the Loan Originator through their Cyprus entity Kviku Holding LTD.
“We are happy to commence our strategic cooperation with Viventor marketplace and look forward to offer our product to thousands of investors in Europe. At Kviku, we believe that innovation is key to long-term success in online lending, alongside with diversification of capital sources. That’s why we are very excited about our new partnership with Viventor and plan to substantially grow our loan portfolio globally.” Nikita Lomakin, founder and CEO.
Kviku will offer its installment loans with maturities up to 12 months. The company will maintain 5% skin in the game stake in every single loan and start by offering an introductory return of 10% p.a.