Today, we would like to dive into BNPL loans (buy now, pay later) originated by "Ruptela" in Lithuania. In fact, in the first days after the launch of the BNPL, investors invested only a small amount of money in this product. Eventually, after a few days, BNPL loans attracted professional investors' attention as they started to evaluate the huge advantages of the investment. Hence, we want to share why every experienced investor should add this type of loan to their investment portfolios.
Double shield security
Double shield security is one of the most attractive advantages offered by "Ruptela" for our investors. That means: besides buyback, the loans are secured with collateral – GPS Fleet tracking devices, which are pledged with a higher value than the loan amount. It is a unique safety guarantee for investors because, usually, other platforms only offer one of the two.
Another huge advantage is that by giving a loan to use GPS devices, "Ruptela" can immediately terminate the fleet management services if there is at least a day's delay in paying for the loan. It is a perfect debt-collection tool.
Well-known and trustworthy international company
"Ruptela" is a global telematics company that specialises in developing GPS tracking devices. The company was established in 2007 by Andrius Rupšys (Co-Founder of "Hive Finance"). "Ruptela" operates on five continents with a team of over 256 people who develop high-quality devices in-house. The company is recognised as producing the highest quality products. Various complex activities are essential to manufacture GPS tracking devices and ensure a 99.9% quality rate. It is measured by the international parts per million (PPM) quality performance method. Such a high indicator ranks GPS trackers among the market's most reliable and long-lasting products.
The company serves clients in over 127 countries. 83% of customers are heavy load transport, around 11% are LCV transport, and the rest are last mile and construction customers. Since the business started in 2007, the Ruptela group of companies' credit loss has never exceeded 2%.
Final note
Even though it is a long-term investment, investors get part of the loan and earn interest every month. Hence, the money could be reinvested again.
Last but not least, by investing in BNPL loans, investors support companies to improve with the help of new technologies and power up the most efficient use of transport for a sustainable world.
The main KPIs of “Ruptela's” audited Financial Statement 2021:
- Total Equity: 3 446 223 EUR
- Total Assets: 14 212 470 EUR
- Net Turnover: 19 835 921 EUR
Access the complete Financial Statements by clicking here.
