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Fintech Platform Kviku Launched Its Services on a Big Japanese Cross-Border Marketplace


A large European loan originator has launched on the Japanese marketplace. Kviku is a leading fintech platform which currently provides instant online point-of-sale and installment credit solutions to borrowers in Russia and Kazakhstan.

Limassol, Spain, November 19, 2018 --(PR.com)-- A large European loan originator has launched on the Japanese marketplace. Kviku is a leading fintech platform which currently provides instant online point-of-sale and installment credit solutions to borrowers in Russia and Kazakhstan. In early fall, Kviku improved its positions in the ratings of Expert RA (The largest Russian credit rating agency accredited by the Bank of Russia, created in 1997) with the best results in online pos-lending after the first two-quarters of 2018 among other microfinance companies. The company's financial and credit performance moved it to the TOP-15 list of largest MFIs on the Russian market. By the end of 2018, Kviku plans to expand its services into Spain and Poland and targets the Asian market in 2019.

The company was established in 2013 and is one of the few platforms operating completely online and offers a fast, reliable, convenient and transparent service to its customers in Europe. Kviku issues loans through its virtual credit card and point-of-sale partners and holds a microfinance license in Russia. The first-time borrowers can take a loan up to EUR 250 to purchase online or offline goods and services. Repeat borrowers may apply for cash installment loans up to EUR 1 500 with a six month repayment period.

"We are very honored to cooperate with a leading cross-border marketplace lending platform. This is definitely a new milestone in the history of Kviku. Our credit platform performed extremely well in the Russian market which is highly competitive and one of the most regulated globally. We proved the survivability of our business model over the last 5 years and are now ready to provide attractive investment opportunities for Japanese investors via our strategic partnership with the Japanese partners," says Kviku Founder and CEO Nikita Lomakin.

The average loan from Kviku is EUR 400. The average maturity of the loans is six months. By the middle of 2018, Kviku had issued 250 000 loans worth over USD 15 million. The company has grown approximately 10 times over the last 12 month and reached a net loan portfolio of USD 10 million.

Kviku is focused on brand new technologies which make credit risk assessment more efficient. The credit platform has the shortest online application time in the industry and can analyze more than 10 thousand Big Data parameters within 20 seconds. The company uses over 30 databases to assess the creditworthiness of its borrowers.

The typical borrower of Kviku is aged between 20-35 years old, has an average monthly income of under EUR 1 000 and is considering to make an online or offline purchase but doesn’t have sufficient funds. Kviku’s business model assumes less risk compared to traditional payday lenders, as only repeat borrowers get access to cash loans, whereas new clients can apply for non-cash loans to purchase goods or services.

Kviku provides investment opportunities for the investors from Japan in EUR, USD, and RUB.
Contact Information
Kviku
Alexander Shestakov
+79267007588
Contact
kviku.com

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