Financial services: Consumer lender

Company overview:

  • A leading online lender focused on Central and Eastern European markets
  • Product offer includes one month single pay, 12-month instalment loans and lines of credit to consumers across the operating markets

Need description:

  • The company has built solid foundation and is on its way to become a one-click loans company for consumers globally utilizing advanced algorithms and machine-learning capabilities to quickly evaluate and score loan applications

Investment overview:

  • Senior financing granted for holding company in order to provide loans to operating companies to finance lending activity
  • 3-year maturity
  • Interest paid fully by cash
  • Collateral includes guarantees of all OPCOs and pledge over Polish units
  • Financial covenants include ND/Equity and portfolio quality ratio

Details

Size: EUR 5 million

Date: 2017

Financing type: senior

Use of proceeds: Lending activity