You

Name

4Finance

Company

4Finance

Company

Innovator Type

Producer

Sectors

Alternative Finance

Head of Innovation

PRIVATE

Headquartered

Lielirbes iela 17a-8, Riga, LV-1046, Latvia

Country

Latvia

About

4finance is a global leader in convenient, innovative finance solutions. Their cutting-edge technology enables customers across 15 countries to access single payment and instalment loans.

 

One of Europe’s largest and fastest growing online and mobile consumer lending group. We get money to people when they need it – quickly, conveniently and responsibly.
They use cutting edge technology and data to offer fast and convenient loans to customers across 17 countries.
Established in 2008, 4finance have provided more than 15,000,000 Single Payment, Line of Credit and Instalment Loans totalling over EUR 5.0 billion.

Founded

2008

Total Funded

Unknown

Website

http://4finance.com

Company Linkedin

https://www.linkedin.com/company/4finance/

Current Innovation Product

Innovation Product Name

Single payment (30-day) loan

Innovation Product Details

Designed for those unexpected situations. When immediate cash is the only solution.

 

Customers can borrow up to EUR 2,000 (depending on the country) for up to 30 days
Convenient – short term loans are processed online in seconds and funds can be transferred to customers in minutes
Customers who take out loans with us qualify for interest rates from 5-33% in Europe, and from 30% to 35% in LatAm per 30 days (i.e. a customer borrowing EUR 100 for 30 days will repay between EUR 105 and EUR 135 plus tax where relevant, depending on the country)
In some countries customers can also apply for a loan and receive payment through partner locations
If required, loan extensions of up to 30 days are available and covered by an additional fee

Current Innovation Service

Innovation Service Name

Instalment and lines of Credit

Innovation Service Details

For those larger expenditures… home improvements, medical expenses or even a wedding… when a bit more is needed to cover the cost.

Customers can borrow up to EUR 5,000 (depending on the country) for up to 4 years
Convenient – instalment loans are processed online in seconds and funds can be transferred to customers in minutes
In some countries customers can also apply for a loan and receive payment through partner locations
Customers receive payment directly into their bank account and repay in regular instalments

Line of credit
For the peace of mind of having an approved credit limit available whenever it is needed.

New product initially launched in Finland and being rolled-out to other markets
Customers apply for a limit of up to EUR 2,100 (depending on the country)
Open ended credit line with flexible monthly repayments
Customers receive payment directly into their bank account

4Finance

Profile picture of 4Finance

@4finance

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