Loan originators
Lenndy platform operator pays particular attention to the quality of loan originators. Each loan originator has to go through our developed due dilligence process which can take a few months.
Currently, there are three loan originators who provide funding to businesses in Lithuania. In order to list their loan at Lenndy, loan originators are checked for their financial performance, portfolio management and quality control practices, risk management policy and future prospects. Each of the loan originators differ in terms of loan types that are offered to investors at Lenndy. In addition, loan originator is oblidged to have some skin in the game, that is, only up to 95% claim rights of the underlying loan might be sold to investors. More information about each of the loan originators can be found below. Please be aware that there is a probability that borrower is not able to repay part or all of the loan.
Disclaimer - investments are not secured by Lenndy or loan originators (given there is no buyback guarantee for the loan) and investors risk their capital invested.
First Finance

First Finance is a non-bank lender that offers loans to small and medium-size businesses in Lithuania. Company has demonstrated sustainable financial growth since its founding in 2012. The majority of borrowers are individual entrepreneurs or small companies who are seeking a loan for working capital for their business and are happy to provide collateral. First Finance has developed an effective customer creditworthiness evaluation process. The client needs to have a good credit history and a strong cash flow from their business.


Founded 2012
Company legal name UAB "Soscredit"
Loans originated 11 million €
Loan portfolio 4 million €
Employees 10
Annual interest rate charged to borrowers 18-36%
Loan types
  • Secured car loans
  • Invoice financing
  • Mortgage loans / Real estate development
  • Working capital business loans
  • Country Lithuania
    Currency
    Buyback guarantee
  • With a buyback guarantee
  • Without a buyback guarantee
  • Skin in a game 5-40%
    Interest offered to investors 12-15%
    Loan terms (months) 1-60 months
    Loan amount 1 000-50 000 €
    Simplefin

    Simplefin is one of the fastest growing non-bank invoice financing (factoring) service provider to small and medium-sized businesses in Lithuania. Simplefin helps businesses expand and grow by unlocking working capital stuck in outstanding invoices. Simplefin clients provide products and services to large, trustworthy companies in Europe. The company launched in May 2012 and has developed sophisticated due dilligence process that helps the company keep loans default rate just under 2%.


    Founded 2012
    Company legal name UAB “Išmanusis finansavimas”
    Loans originated Over 1 million €
    Loan portfolio -
    Employees 1
    Annual interest rate charged to borrowers 18-36%
    Loan types
  • Working capital business loans
  • Invoice financing
  • Country Lithuania
    Currency
    Buyback guarantee Without a buyback guarantee
    Skin in a game 5%
    Interest offered to investors 12-13%
    Loan terms (months) 1-24 months
    Loan amount 500-10 000 €
    Credital

    Credital is relatively new market player who demonstrated rapid growth in 2017. Amount of issued loans in the first half of 2017 is over 200% higher compared with second half of 2016. Company has a clear vision and focuses on short-term business loans ranging from 6 to 24 months and limits maximum loan amount to 10000 EUR to mitigate risk. All borrowers are required to sign a personal guarantee or bill of exchange, as most young companies do not have collateral to pledge. Most borrowers use funds to finance purchase of inventory or buy new equipment to increase production efficiency. On average only 1 out of 4 applications meet required funding criteria. Risk is spread across over 300 clients, average loan amount is 6000 EUR and average term is just 1 year.


    Founded 2015
    Company legal name UAB “Įmoka lengvai”
    Loans originated 2.1 million €
    Loan portfolio 1.2 million €
    Employees 3
    Annual interest rate charged to borrowers 18-36%
    Loan types Working capital business loans
    Country Lithuania
    Currency
    Buyback guarantee Without a buyback guarantee
    Skin in a game 5%
    Interest offered to investors 12-13%
    Loan terms (months) 6-24 months
    Loan amount 1 000-10 000 €

    You can find more information about Lenndy loan volumes in our  STATISTICS PAGE.