Conotoxia, a global fintech from Poland, introduces a novelty in terms of its multi-currency lending services. Customers can now apply for up to 5,000 PLN or the equivalent amount in euros, dollars, pounds or francs and repay the liability in 12 instalments.

At Conotoxia, users determine the loan amount they need, the currency they need, and when they will repay it. Then they fill in an online application and wait for the decision and the money. Global fintech customers can already take loans in the Polish zloty, the euro, the US dollar, the British pound or the Swiss franc up to the amount equivalent to 5,000 PLN for up to 12 months.

“With high interest rates and lower creditworthiness, more and more people are unable to make or manage all their current payments on time. Therefore, we have extended the repayment period of our loans and launched instalments so that our customers' household budgets are less affected by monthly obligations. Due to raging inflation, we have also increased the maximum loan amount that can be taken out with us. Many people settle their everyday expenses in other currencies, e.g. with loans in francs or with their earnings in euros, so we hope that the innovations introduced will enable them to manage their finances even more conveniently,” says Piotr Kicinski, Vice-President of Conotoxia.

Conotoxia users can choose whether they want to withdraw the loan to their bank account or directly to their multi-currency card. If a customer chooses the latter but does not have a card from fintech yet, they can order a virtual card when applying for a loan. With the loan withdrawal on the card, users get the funds immediately, and commissions are lower. Customers do not need to have a currency account with a bank to receive money in a given currency. Another benefit is the convenience of the repayment process - on a fixed date, the funds can be taken automatically from the fintech's card account or currency wallet.