Mana Concept S.L.

€ 6.19 M
Loans originated
€ 1.05 M
Loan portfolio
€ 1.06 M
Outstanding investments
14.5%
Average interest rate
Loans originated
Loan portfolio
Outstanding investments
Average interest rate
Initially focusing on personal short-term loans ranging from 100 to 500 Eur with a 30-day term, FinJet plans to expand its offerings to include instalment loans in 2024. Notably, in Spain, there is no specific regulation regarding a price cap on these loans, allowing flexibility for the growth and development of the lending services.
Legal details:
Scoring Model
From our experience, effective risk management is one of the most critical aspects of a successful lending business. Therefore, FinJet uses market-leading scoring providers. These providers offer valuable raw data and credit risk scoring, forming the foundation of FinJet's decision-making process. We integrate a few providers' scoring into a robust decision tree to reach the best result.
Business Loans on Hive5
Firstly, FinJet will offer to invest in the company's business for investors seeking alternative opportunities on the platform. While the primary focus is on personal loans initially, business loans will be considered as an alternative way of funding before the company establishes a significant volume of personal loans. The purpose of business loans is to carry out operations and expand business.
Competitive Advantages
FinJet aims to stand out with its maximum technological effectiveness of processes and a concentrated focus on solutions that minimise the need for human resources. The Spanish team wants to simplify operations, enhance efficiency, and provide customers with trustworthy lending services.
CEO of FinJet, Alex Teslenko, says: "We intend to enter the Spanish market using previously accumulated experience, developments, and know-how. The FinJet brand carries the same meaning we want to bring to our client: our service is simple, profitable, and, most importantly, fast, like a jet plane."
A dedicated team of high-level professionals is actively working on a quick launch to ensure a seamless and successful entry into the lending landscape.
Today we would like to share one of hive5’s trusted loan originator Finjet's business results.
Finjet has consistently demonstrated its commitment to growth and excellence in the lending market.
Since the end of February, our loan originator, FinJet, has started loan issues in Spain. Since its…