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One of the methods by which the originators control the risk, is using a credit rate score system. This is a procedure of classifying every credit in different categories, based on the default probability (the probability the borrower to stop paying off their loan). All loans in iuvo have a score rate. This is needed so the credits from different originators can be compared
- AScore class A
The total amount of the loans granted by the loan originator to borrowers since its establishment
The total amount of the loans issued on the marketplace by the loan originator
In business and financing, the term “skin in the game” is used to refer to owners or principals having a significant stake in an investment vehicle, in which outside investors are solicited to invest. This is to ensure the interests of the originator and the investor in the asset are aligned, as both have a stake in the asset/ investment. On iuvo this means that every loan originator is required to keep certain percentage of each loan listed on the marketplace, which is their “skin in the game”. For example, if a loan originator issues 100 EUR loan to the marketplace and have skin in the game 30%, only 70 EUR of the loan will be available for investors to invest in. The loan originator keeps a stake of 30 EUR.
About
AXI Card Romania are the largest nonbank financial institution in the card segment on the Romanian market. The focus of the company is entirely on online consumer lending. Their main product is a credit card, which grants access to the approved credit limit from all over the world. The company is founded in 2015, it receives a golden badge for high quality customer service from eKomi and plentry of awards from “LiveHelpNow! Challenge” since 2019.
AXI Card Romania is part of the holding Management Financial Group (MFG).
“IUVO is an excellent idea – sustaining dynamic companies to finance themselves. The banking system in Romania is quite complicated, so we need more than ever communities that can join the investment rounds and can inspire confidence in entrepreneurs. For us, AXI Card Romania, it is important to have a partner who can help us in our endeavor, and whose reputation and stability are impeccable and confirmed.”
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