We are happy to share the news, that a new originator from Russia is joining iuvo – Kviku. Kviku is a leading fintech platform and number one in POS lending in Russia for 2018. Created in 2013, as a result of successful and innovative management decisions, competitive advantages and niche positioning in POS lending, the company manages to generate profit for less than two years. As of now Kviku reaches a volume of granted loans exceeding 60 M EUR.
Additional security for the investor is the strict regulation and supervision from the Central Bank of Russia – Kviku is a certified non-banking financial institution. So far the company is enjoying a stable and steady growth and exceptional results – fact, that inspires the management for the future expansion of the brand in Europe and Asia.
In iuvo, Kviku offers loans in EUR with interest rates from 9 to 13% and in RUB – to 18%, in rating classes C and D. The average loan maturity is 6 months, which makes them a great opportunity to diversify your funds. The 60-day buy-back guarantee is active as always in case of default. The creditor keeps 30% of the listed loan, providing higher security for your investments.
We welcome Kviku and encourage you to add the new loans to your portfolio today.