• FOUNDING YEAR: 2015
    LOCATION:
    United Kingdom
    REGION:
    Last Update:
    27 Jun, 2019
    Global presence:
    Ukraine, Spain

Description

FOCUS

PRODUCTS & SERVICES:
Mobile lending Platform-for personal loans. Customers gets instant financial help from payday-loan companies and thier friends.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Financial institutions
EXISTING PARTNERSHIPS:
Partnered with banks, finance institutions and payment providers.
COMMENT
They initially intended to target the US market, but turned to the European market due to a range of difficulties the startup encountered in the USA, which included a failed cooperation with PayPal, a very high market entry threshold and high regulation in the FinTech industry. The startup considers the European market a top priority ans sates that it is possible that upon the wish of one of its investors the service would be launched in Ukraine with a chance to later enter the Kazakhstani market.

PEOPLE

FOUNDERS:
Serhiy Matchuk, Viktor Ihnatiuk
Board Members and Advisors:
Pavel Cherkashin
NUMBER OF EMPLOYEES:
1-10
INVESTORS:
Banca Sella Group

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$203.42 K
DATE OF LAST FUNDING:
Jul 2016
SEED & PRIOR FUNDING:
$195 K
SEED CLOSED ON:
Jul 2016
SEED PRIOR FUNDING COMMENT:
Cumulative funding indicated

LATEST RESEARCH