We are happy to announce that soon we will add new loan originator from Lithuania - Ruptela! The technology company which provides GPS Fleet tracking devices for transport businesses. This will give an extraordinary opportunity to diversify your portfolio with a very attractive business loan type called BNPL (Buy now, pay later). Besides buyback, the loans are secured with collateral – devices, which are pledged with a higher value than the loan amount.
Another trustworthy fact is that in 2012 Ruptela (managed by Andrius Rupšys, a Co-founder of hive5) entered the Polish market. After expanding the business, in six years, it converted into a new brand Linqo. Therefore, the team has successfully used Ruptela's knowledge, experience and high-technology solutions to keep growing the business results. The company is an expert in both – technologies and management. Besides, by giving a loan to use GPS devices, they 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.
As we have highlighted many times before, risk management is one of the most critical tasks for hive5. Therefore, we decided to start with only those clients who have already paid back 2/3 of the loan.
The main facts about the Loan originator:
- Client type: Businesses. 83% of customers are heavy load transport, around 11% are LCV transport, and the rest are last mile and construction customers
- Security: CollateraL (GPS Fleet tracking devices) and buyback after 60 days
- The term: up to 12 months
- Return: 12%
When the business loans will be listed on the hive5 platform, we will inform all the investors, so you will not miss this new and unique opportunity to diversify your portfolio.