SimplyFi launches online crowd-investing product for SMEs with Tochka Bank

SimplyFi launches online crowd-investing product for SMEs with Tochka Bank
05.07.2018 12:27 pm

SimplyFi launches online crowd-investing product for SMEs with Tochka Bank

Crowdfunding

SimplyFi, a leading innovator in crowdfunding for Russian small and medium-sized enterprises (SMEs), has teamed up with Tochka Bank to offer its fast, online lending services directly to the bank’s business clients.

With just a few clicks, Tochka’s clients will now be able to apply for an unsecured loan of up to 500,000 rubles—the sort often used to replenish a company’s working capital or close cash-flow gaps. The entire loan process is fully electronic, and requires only online copies of a company’s statutory documents and an extract of its turnover for its current bank account. Credit decisions are made within just two hours.

Once the loan is approved, the money is transferred to the client's Tochka account. Loans are offered at an attractive fixed rate of 2.5% per month, with the possibility of early repayment without penalties.

The SimplyFi platform is backed by a large investor base of individuals and investment funds (and with the platform’s integration, Tochka’s clients will now have the ability to participate in the funding pool as well). The platform’s underlying technology enables a detailed verification and thorough analysis of the creditworthiness of potential borrowers; these processes are supported by cutting edge fintech innovations, including proprietary algorithms and big data analysis. Meanwhile, SimplyFi and its parent company, SimpleFinance, closely monitor and manage portfolio risk exposures.

During the beta-testing of its integration with Tochka, SimplyFi has been highly popular, especially amongst retail and services companies. In the months ahead, the company expects to be able to increase its lending limit to 1 million rubles, and to achieve an origination volume of over 300 million rubles monthly through Tochka.

For more on the partnership, please go to: https://simplyfi.ru/tochka/

Related News

iwoca pledges £100m for small businesses in the Northern Powerhouse

iwoca, one of Europe’s largest small business lenders, is pledging to lend £100 million to micro and small businesses in the North of England by 2020. The alternative finance... Read more »

Teaming for Better ICO & Crypto-Crowdfunding Experience

COSS, a one-stop solution venue for cryptocurrency adopters, has established a strategic partnership with FundYurselfNow (FYN), a blockchain-based crowdfunding platform.

Read more »

Zuper Targets Crowdfunding Raise

“Higher and higher fees, little innovation, fewer branches: banks have left their customers behind,” says Alexey Rubtsov, the co-founder of a new German fintech startup, “We... Read more »

Mettrr Technologies Realised Its Investments To Crowdcube Platform

Mettrr Technologies has become the first company to provide financial returns for its crowd investors through a secondary share sale via a crowdfunding platform. It comes just... Read more »

Rentivo Exceeds Crowdfunding Target by 36%

Today Rentivo, a vacation rental marketing and management software company, announced it has successfully oversubscribed its CrowdCube.com crowdfunding campaign, raising £341K... Read more »

Misys Launches New Crowdlending Module to All Customers

New module enables retail and corporate banks to grow their lending business and recapture P2P market share

Today, at its Connect Forum in Paris, Misys launched... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App