Viventor P2P marketplace news: Kreddy starts to issue consumer loans in Bosnia and Hercegovina. Viventor’s investors will now be able to invest in instalment consumer loans issued in Bosnia and Hercegovina by MKD Digital Finance International D.O.O. (hereinafter referred to as DFI Bosnia) under the brand name Kreddy.ba. DFI Bosnia has been already presented on ViVentor with their payday loans product operating under the brand name Forza.ba. The company will now place its instalment consumer loans as Kreddy.ba with maturities from 3 to 12 months, loan amounts of 300 to 1000 euros. The company will maintain 5% skin in the game stake in every single loan and start by offering an introductory projected return of around 12% p.a.
“Viventor has been growing and adding new lenders to its marketplace over the last 12 months. After the successful launch of Loan Originator DFI Bosnia under Forza.ba (which buyback guarantee time is reduced from 90 to 60 days now) on Viventor’splatform, we are happy to introduce more possibilities to invest in this country and to make investing in instalment consumer loans simple and accessible”, – says Andrius Bolšaitis, CEO of ViVentor.
“We are glad to build our cooperation with ViVentor and offer an easy and flexible way to invest and earn for the investors. Earlier this year we have launched our other brand Forza and it shows significant interest from investors in our business: since September this year investors have invested more than 500 thousand EUR into Forza loans on Viventor platform. We will continue to merge the needs for the fresh funding and investors aim to ensure proper return on assets”, – says Dragan Danojevic, Country Manager.
Established in 2016, DFI Bosnia has focused on steady and stable growth to fill in the gap in personal lending. Since its inception, DFI Bosnia has issued more than EUR 10 million worth of loans to their clients. The company has a net loan portfolio of EUR 2.5 million as of September 2019.
Nevertheless, the company was founded almost three years ago, it has managed to achieve a rapid increase in its customer base and now has more than 60 000 satisfied clients. For the company’s 2019 financial year, DFI Bosnia reported a revenue of EUR 2 million, which represents an increase of more than 50% year-on-year.
DFI Bosnia is a leading online financial company in the country and brings new ways of cooperation between institutions and clients. Kreddy.ba brand name was launched in April, 2019 and has shown a steady growth, also good repayment quality. These loans will satisfy the needs of ViVentor’s investors to earn higher amounts in regular instalments.
As a part of the Digital Finance International group, DFI Bosnia provides tailored lending products via smart fintech technology to serve remote markets with mobile connectivity for fast and easy access to money.
DFI Bosnia is also a part of Finstar Financial group – an international private equity firm operating in Europe, the US, Asia, Latin America and the CIS. Finstar is strongly focused on fintech, but historically has also been highly successful in financial services, IT, FMCG retail, media, and real estate sectors. The Group has 20 years of operational experience launching new projects in developing markets, restructuring existing companies to become more competitive, as well as sealing M&A deals and building greenfield start-ups.