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Wowwo

Last Updated: 09.09.2020. Date when the basic information was updated
Wowwo
Loans Originated Total volume of loans issued by this company to borrowers since its founding.
€ 255 M
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.
€ 22M
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%
Average Interest % The weighted average interest rate of investment opportunities from this lending company.
Website:
wowwo.com
Founded:
2016
Employees:
130
Joined Mintos:
14.11.2019
Loan Types: The type of linked assets the lending company has issued.
Car loan Car loan
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
Annual percentage rate charged to borrowers:
30-45%
Outstanding investments: Total volume of outstanding and available investments from this company on Mintos. Updated daily.
€ 0
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

Recent News

28.02.2023

Update on Wowwo

03.02.2022

Update about Wowwo, 3 February 2022
All News

About

Wowwo with headquarters located in Istanbul and operations in more than 54 cities across Turkey. sells second-hand cars with a company direct financing model to consumers in Turkey.

To ensure issuing loans to reliable borrowers, Wowwo has proprietary software - Wowwo Admin - that is integrated with third party institutions such as the Turkish e-government gateway services, civil registry, notary public, and Findeks credit rating.

Presentation

Presentation

Last Updated: 06.11.2020

Financials

Financials

Last Updated: 23.08.2021

Loan Agreement

Loan Agreement

Last Updated: 15.12.2019