The company placing loans on the Income marketplace is Mocasa Holding Ltd, a Hong Kong-based entity. The structure is based on a secured Business Loan Agreement between Mocasa Holding Ltd and Philippine Cashtrout Lending Corporation, the licensed consumer lender operating in the Philippines under the brand Mocasa. The consumer loans issued by Philippine Cashtrout Lending Corporation to Philippine borrowers have been pledged as security to the business loan. In addition, a parent guarantee from Mocasa’s parent entity provides additional security. Pledges are made in weekly batches.

Income EST SPV OÜ acts as fiduciary for Income investors, with a 100% assignment of the claim made from Mocasa Holding Ltd to the Income SPV, which then distributes fractional claims and repayments to investors.

Due to the business loan structure, the advance rate on the loans is 100%. The pledges and parent guarantee are estimated to translate roughly to a Junior Share of 28–36%, which creates a sufficient buffer to protect investors in the case of LO default. Note that the performance of the underlying consumer loans issued in the Philippines is not directly linked to the performance of the business loan, and Mocasa Holding has the right to use other funds also to service the business loan.