Are you ready to save some extra money for your dreams to come true? Start investing in P2P lending.
These loans work in a harmony with the Loan Originators of the Peer to Peer platform. In order to understand where to invest your money, let us look at what a loan originator is.
What is a Loan Originator?
A Loan Originator is an entity that plays the role of a middle-man in the loan process. In other words, it is the LO’s job to look for and reach the borrowers. Not only this but also, the LO ensures that the background check and documentation of the borrower are on point.
The investor just has to choose an LO and it’s done, there is no need to worry about side hustles.
Is it really that simple?
Actually no, someone has to validate the authenticity and do the background checks of the Loan Originators. Thanks to Monestro P2P, all this hassle is taken care of by them. There is a detailed screening process that each Loan Originator has to pass before being able to board Monestro Platform. Here is all you need to know about the on-boarding process of LOs on Monestro’s platform.
Monestro has a diversified portfolio of Loan Originators. Let’s look at each one of them separately.
1. NuNu
Loan Type: Single payment consumer loan
Núnú is part of Orka ventures, a group with 10+ years of experience in providing instant online loans in the Nordics
They specialize in providing short maturity consumer financial services to the subprime and near prime segments. Their approach to risk management is fully-automated and data driven.
| Position | Result |
| Internal procedures | 91% |
| Portfolio | 80% |
| Financials | 31% |
2. SIA DSA Invest
Loan Type: Consumer loan, Transport pledge loan
They hold an experience in credit provisions in Latvia over a decade. Initially starting with transport pledge loans, SIA DSA Invest introduced 6-36 month consumer non-banking loans in times of massive short-term SMS credit loan growth in the Baltic region.
Strictly unique and individual semi automated credit application scoring system
An experienced and success-driven team of professionals proficient in legal pitfalls in the short-term credit industry contribute to DSA INVEST over a decade of regular membership in the Latvian non-banking credit provision market.
SUBSIDIARY COMPANIES’ LEGAL COOPERATION IN INKASSO AND DEBT RECOVERY PROCESS AUTOMATION
Direct debt management and the recovery system decrease the actual procedure to the minimum time value limits. Manually authorized individual loan applications eliminate only a part of the credit risk. The use of credit-scoring applications during the issue of short-term consumer loans in the Baltic region has decreased the default rate.
| Position | Result |
| Internal procedures | 69% |
| Portfolio | 47% |
| Financials | 47% |
3. Prasiskolinau.it
Loan Type: Consumer loan
Credit Consulting Services UAB was founded in 2009 in Lithuania by Lithuanian citizen. Since then Company issues personal loans as well as refinancing products to Lithuanian residents. Company operates under the supervision of the Bank of Lithuania. Credit Consulting Services UAB is known under the brand name Prasiskolinau.lt. Company also provides consulting services for clients with difficult financial position represent them in conversations with debt collectors and helps to find best possible solution by refinancing existing loan liabilities.
| Position | Result |
| Internal procedures | 47% |
| Portfolio | 42% |
| Financials | 81% |
4. Punk Finance (OÜ Fresh Finance)
Loan Type: Consumer loan, credit line, refinancing loan
Fresh Finance Group is a Pan-Baltic group of licensed credit providing companies specializing in direct consumer financing, white label financing solutions and financial technology development. Fresh Finance group of companies operate under the “Punk Finance” brand. By combining financing operations with new technology, financial markets infrastructure and debt management function of PlusPlus Capital, it yields a unique synergy within the group of companies.
| Position | Result |
| Internal procedures | 85% |
| Portfolio | 71% |
| Financials | 58% |
5. Punk Finance (UAB Fresh Finance)
Loan Type: Consumer loan, credit line, refinancing loan
Consumer finance markets in the Baltics are dominated by the (Scandinavian) banks. Risk appetite of those banks is relatively low leaving hundreds of thousands of people unfunded who are looking for the most basic financial services.
| Position | Result |
| Internal procedures | 85% |
| Portfolio | 71% |
| Financials | 31% |
Learn more about Loan Originators and start investing now.