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. Year 2018 was a year of expansion that led to establishing a subsidiary company which offers consumer loans, personal car lease and mortgage loans to individuals. Clients can get a loan online or by visiting First Finance office. In 2019 company UAB “Alternatyvus finansavimas” (known as “First Finance”) received licence and was included in official Bank of Lithuania list of consumer credit providers. Therefore, the company is strictly following responsible lending and credit risk management guidelines. We value sustainable 4 months’ average income and liabilities to income ration no more than 40%.


Founded 2012
Company legal name UAB "SOSCREDIT" (Business loans)
UAB “ALTERNATYVUS FINANSAVIMAS” (Consumer loans)
Loans originated 15 million €
Loan portfolio 6 million €
Employees 10
Annual interest rate charged to borrowers 14-75%
Loan types
  • Secured car loans
  • Invoice financing
  • Mortgage loans / Real estate development
  • Working capital business loans
  • Consumer 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 €
    Consumer credit provider by Bank of Lithuania Is officially listed
    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 3 million €
    Loan portfolio Over 0.5 million €
    Employees 1
    Annual interest rate charged to borrowers 18-36%
    Loan types
  • Invoice financing
  • 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) 1-24 months
    Loan amount 100-30 000 €
    Daily Credit

    DAILY CREDIT is an independent financial institution providing personal loans in Poland. The company has an established position in the market offering a comprehensive package of financial services, which primarily includes payday and instalment loans.


    Founded 2010 (2018)*
    *New SPV company was established in 2018 to separate old portfolio.
    Company legal name Daily Credit Sp. z o.o.
    Employees 7
    Annual interest rate charged to borrowers 24-100%
    Loan types
  • Payday loans
  • Personal instalment loans
  • Country Poland
    Currency PLN
    Buyback guarantee
  • With a buyback guarantee
  • Skin in a game 5%
    Interest offered to investors 12-15%
    Loan terms (months) 1-30 months
    Loan amount 200-3000 €

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