Motivated by the success of electronic banks like Revolut and N26 the group of committed experts has added their very own cost savings and money to start out Lion Lender.
The core team is comprised of specialists who possess substantial experience with finance, IT, marketing, company development, information safety and appropriate. They've been originating from worldwide banking institutions, major neighborhood IT businesses, fin-tech company, and electronic marketplaces. Lion Lender could be the initial step to produce an electronic digital bank in Russia.
Their objective is always to boost the monetary literacy associated with neighborhood populace. Every person needs simple and access that is convenient economic solutions without borders вЂ“ global, and realize plainly most of the advantages and dangers of financial loans.
The organization ended up being launched in 2018. Ever since then the group ended up being focusing on IT-system, general market trends, item development, etc., plus in 2019 the entity that is legal procedure company had been founded and product sales had been launched. Presently, the united team is composed of 28 specialists. The mortgage profile during the brief moment is EUR 2 million, with profits of almost 100 thousand euros.
вЂњLion LenderвЂќ is a brand that is unusual for the business in Russia. The majority that is overwhelming of MFIs brands in Russia are attached to вЂcashвЂ™ or вЂmoneyвЂ™. The group made a decision to make use of the European approach in operating the company and branding. Furthermore, the scientists unearthed that clients aren't responsive to the business title within the loans that are short-term. ItвЂ™ s most crucial to possess an excellent item and exceptional advertising. Lion as a expression of security, self- self- self- confidence, and duty, that will be essential whenever using cash.
How it functions?
The entire process of acquiring new business is fairly right ahead- the prospective customer queries for short-term loans online and sees an advertisement on the net after which extends to Lion LenderвЂ™s web site.