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Kviku Finance

Legal Name: Kviku Holding Ltd

Analysis

What is Kviku Finance?

Kviku Finance is an investment platform based in Cyprus by the parent company Kviku Group that connects investors to their global web of short-term consumer loans. The Kviku investment platform originally launched in February 2020 at a critical time with portfolios of loans in both Russian and Ukraine. The company’s loans are typically of a small size, focusing on virtual credit cards, POS crediting, or installment loans. Since launching Kviku Group in 2013 the company has facilitated more than €100 millions in loans, while the platform have funded over €30 million and in the past year an average of €840,000 every month.

Key Takeaways

  • Digital investment platform for Kviku Group’s global web of loan originators
  • Short-term debt instruments, including BNPL and Installment loans
  • Automatically investment based on pre-defined filters with an average annual interest rate of 12% in five different countries
  • Reports of questionable business practices by Mintos on war affected loans and in the Spanish loan originator by Kviku Group