Darlehen GRP-2138 - Warenkredit
Kviku is an innovative fintech company from Russia. It started to challenge traditional banking in 2013. For first-time customers Kviku offers, POS-loans and virtual credit card for a sum up Eur 300 and for returning customers there is opportunity to receive an installment loan up to Eur 3000, this is risk-averse strategy, as only returning customers can access larger funding. The average loan issued in Russia is Eur 500 for average duration of 6 months. In 2018 Kviku has expanded to Kazakhstan and Spain.
The loan portfolio of Kviku is Eur 7,000,000 and as of 2017 consisted 43% of Installment loans, 39% of POS loans, 16% Virtual Prepaid card and 2% of other loans.
The screening model of Kviku is built using Big Data, over 30 databases are analyzed, over 10,000 parameters examined in less than 20 seconds.
Kviku is among market leaders in Russia- it is second largest in segment of POS loans and 4th in segment of installment loans. This is a great opportunity to earn in the emerging market, with no currency risk.