Loan GRP-5428 - Business Loan
Lion Lender is a Russia based micro-financing company founded in 2018. The business operation started in 2019. The main product that the company is offering is 30-day loans before the payday.The service is 100% online and it takes just under 15 minutes to make a decision whether to grant a loan or not. The typical customer is 33 years old with an average income around Eur550, which is quite high in Russia. This results in below the market default rate. Currently, there are around 10,000 customers. The current portfolio is Eur 2 million.The plans are ambitious- to grow the product line offering new-era products like money-transfers, P2P investments, long term loans with installment payments, and to develop a mobile application to have all the services.