Sun Finance

Last Updated: 24.05.2022. Date when the basic information was updated
Sun Finance
Loans Originated Total volume of loans issued by this company to borrowers since its founding.
€ 1.3 B
Loan portfolio Loans issued by the lending company to borrowers at the time of the most recent financial statement that are current or less than 60 days late.
€ 80 M
Buyback obligation A credit enhancement given by the lending company or other entity to the Issuer for a particular Set of Notes. If an underlying loan is more than 60 days late, the lending company is obligated to buy back the investment at nominal value plus accrued, outstanding or late interest. Usually, this means investors will be able to recover their investment in case of a borrower default.
With a buyback obligation
Skin in the Game To ensure the interests of a lending company and investors are aligned, the company is required to keep a stake of each investment opportunity it offers through Mintos. This is called the company's skin in the game.
10% - 100%
Average Interest % The weighted average interest rate of investment opportunities from this lending company.
9.0%
Website:
Sun Finance
Founded:
2017
Employees:
1000
Joined Mintos:
December 2017
Loan Types: The type of linked assets the lending company has issued.
Personal loan Personal loan
Short-term loan Short-term loan
Forward Flow Forward Flow
Countries: Countries in which the linked assets were issued by the lending or rental company.
Currencies: Currencies in which investment opportunities from the company are offered.
EUR, PLN, KZT
Annual percentage rate charged to borrowers:
0%-950%
Outstanding investments: Total volume of outstanding and available investments from this company on Mintos. Updated daily.
€ 15 555 186
Schedule extension: During the first 30 days after the due date of a loan payment, the borrower can opt for extending the loan payment schedule. The maximum number of extensions depends on the loan agreement and can't be more than 6. If the lending company agrees, the loan will be automatically updated, with the new schedule, and the due dates for all outstanding payments will be extended by up to 31 days. Investors will continue to earn the same interest throughout the remaining loan term.
Up to 6

About

Sun Finance operates as an online consumer financing platform in nine countries across four continents, with headquarters in Riga, Latvia. Sun Finance has more than 16.5 million registered customers, and employs more than 1400 people, 180 of whom work at the headquarters in Riga. The company is led by a team of seasoned professionals with more than 15 years of experience in managing FinTech, financial and IT companies.

Presentation

Presentation

Last Updated: 09.06.2022

Financials

Financials

Last Updated: 04.10.2024