There are now even more investment opportunities on Mintos as the leader in the online lending market in Bulgaria, Credissimo has launched on the marketplace. The company offers you the chance to invest in its consumer loans with great net annual return rates of up to 12%.
Credissimo is a European fintech group founded in 2007 that utilises innovative proprietary technology to provide instant online consumer loans, e-commerce financing and bill payment services. The company is one of the fastest-growing non-bank finance providers in Central and Eastern Europe and it was the first loan originator in Bulgaria to offer full online credit and approval within minutes.
Since its inception, Credissimo has shown it is dedicated to innovation. It was the first company in the world to launch a fully-automated chat for crediting on Facebook Messenger. In May 2017, it was the first lending company to accept Bitcoin from customers to repay their loans. To date, Credissimo has processed over one million credit applications and has a current net loan portfolio of EUR 15 million.
“We are very excited to be part of the Mintos marketplace. Bulgaria’s online finance market is growing rapidly, but there is still a lot of room for further expansion in the country and abroad. Currently, we are rolling out products to new European and Latin American markets as part of our long-term expansionary goals. With our efficient business model and cutting-edge technology solutions, we are confident in our future international success. Our competitive advantage is encoded in our business know-how that we have developed from more than 10 years of experience. In addition, we will continue to foster innovation by expanding our presence in the cryptocurrency world with our new project – Nexo, the world’s first instant crypto overdrafts. ” says Sokol Iankov, CEO and Co-founder of Credissimo.
Bulgaria-issued loans from Credissimo on Mintos range from EUR 100 to 1 000. The repayment period ranges from 30 days to 24 months. You can expect a yearly net return of up to 12%.
To align its interest with those of investors the company will keep 5% of each loan placed on Mintos on its balance sheet. All Credissimo loans are secured with a buyback guarantee and will be repurchased if the loan is delinquent for more than 60 days.
Credissimo has operations in five European countries – Bulgaria, Macedonia, Poland, Romania and Spain – and is a market leader in the online consumer lending industry in two of them. The group has distributed more than EUR 100 million worth of loans since its inception. Credissimo adheres to the highest regulatory requirements and is strictly supervised by multiple European Banking and Financial Services Regulators including the National Bank of Bulgaria.
The socio-demographic profile of Credissimo’s customers is 55% male and 45% female. Its customers are aged between 21 to 45 years, and the highest percentage (35%) of borrowers are between 27 to 38 years old. The company’s customers are people who live in big cities, use the internet every day (mostly accessed from mobile devices), are well educated and the majority have a university degree.
At the 2018 annual business awards by Forbes magazine, Credissimo received the “Financial Sector Innovations” and “Quality of Services” awards. These acknowledgements are a result of Credissimo’s drive to be a leader in innovation whilst maintaining the highest level of customer satisfaction.