We welcome the jubilee 10th originator in iuvo – the Latvian company Monify! This creditor is a leader in non-bank financing of small and medium-sized enterprises in the Baltics and Poland. The platform is based fully online, providing fast service, innovation and excellent management that are the basis of its successful corporate business model. The results speak for themselves – from the first year of its launch, Monify started generating profit, and for less than 3 years on the market, the loans granted by Monify reached 14 million euro. Strict monitoring of granted loans and portfolio management lead to minimization of defaults below 5%. The corporate strategy for 2020 includes geographic diversification and expansion to three new markets – the Czech Republic, Hungary and Romania.
At iuvo, Monify offers interest rates of 10-13% for loans in class A and B and average loan maturity of 6 months which makes them a good option to allocate your investments. Investments in loans from this originator can be made in euro, and the originator keeps 30% skin in the game with a 60-day buyback guarantee.
Monify’s adaptive and innovative business approach makes them one of the leading companies in business lending in the Baltics and Poland. We are glad that we managed to attract this success-oriented company to join us as an originator in iuvo. We believe that with their experience and expertise, they will contribute to the development of the platform.
Remember to enrich your portfolio with loans, offered by Monify.