Loan GRP-2425 - Business Loan
PlanetaCash is a Russia-based micro lending company, that has been founded in 2018. The company is focusing solely on online loans from Eur30 to Eur400. PlanetaCash is founded by a trusted Grupeer partner, who previously worked in offline segment. After rebranding it has issued first online loan on 21st January 2019. In February 2019 the volume of issued loans has exceeded 10 times the offline volume. Since official launch the portfolio is more than 5000 payday loans, which is around Eur700 000. By June 2019 the quarterly loan issue is projected to reach over Eur6 Mln and grow 30% every quarter. Such impressive growth is based on expansion of client base until 2020. After 2020, the quarter-on-quarter growth is planned 7%.