FinTech industry is rapidly changing the financial ecosystem. Fundamental part of it is peer-to-peer financing as a liquidity management tool.
P2P provides flexible interest ratings for the investors, by evaluating the financial risk related to each individual borrower and diversifies their risk profile by packaging the loans from multiple sources.
Lenders prefer to work with P2P platforms because they provide great flexibility to take money exactly when needed and in an affordable interest rate. In a stark contrast to typical bank financing, there is no need to provide complicated documents and obey the rigid structure of financing.
All this mentioned, ITF Group JSCo starter in 2016 partnership with a leading European P2P platform – Mintos. Passing the strict application procedure and being approved by Mintos is big success for our company. Now we have exposure to the much larger pool of potential investors and freedom and flexibility to finance the business needs.
You may find further information on Mintos company page – https://www.mintos.com/en/
Fast growing offline brand for fast loans (barzi krediti) GetCash is opening its eighth office in city of Gabrovo.
Now the users can easily and conveniently cover their short term financing needs by applying in the company office located at 8, Skobelevska str. Number of products are available to meet their specific needs:
- Loan “Avans”, letting them to take 500 to 5 000 BGN for 2 to 12 months. Annuity installments are due each 15 days.
- Loan “Month” lends amount up to 2 500 BGN, for a period between 4 and 10 months. Annuity installments are due each month.
- Loan “Standard” provides 200 to 3 000 BGN with between 12 and 43 weekly installments
- Loan “Retiree” is focused on elder clients. It has been designed specific to their needs and financial capabilities, extending maximum repayment period up to 12 months, on monthly annuity installments.
Consideration of loan application for all products happens after filling up the formal loan proposal. GetCash consultant will assists the client in the company office or when suitable for the client. Only document required is the personal ID.
Up to 2 hours after submission of the loan proposal, our credit risk department will score the candidate and eventually grant the loan.
In the beginning of 2017 ITF Group JSCo appointed the new Financial Director.
Mrs. Juliana Muteva is an experienced professional in financial audit and advisory services as well as financial management with international exposure. After receiving her MBA degree from University for World and National Economy in Sofia, Mrs. Muteva worked as an Audit Manager for Grant Thornton Bulgaria and Financial Controller in CMS UK.
By joining the successful company from the fast growing FinTech sector Mrs. Muteva will further develop ITF Group capabilities to precisely measure the financial impact of all company decisions to the revenue and profit projections of the business.