Income is happy to announce that we have onboarded another Loan Originator!
ITF Group was founded in 2012, and they commercially launched their online brand Smile Credit in February 2013. Their product was evolving with an automated multi-factor credit matrix, a new software platform launching, and their first public corporate bond on the Bulgarian Stock Exchange in 2020. In 2021 ITF Group started major processes automation, OCR, and developed their anti-fraud integrations.
ITF Group strives to become one of the systematically necessary non-banking financial resources for ordinary people. Its mission is to be a modern non-bank financial institution capable of using all of its potential in the local market while focusing on the client’s needs and providing easy access and transparent service. Their group offers a clean and working long-term program for their company’s development, good market position, and responsible lending. They firmly believe that the future of consumer lending lies in providing financial aid to every person anywhere and anytime.
ITF Group operates and constantly develops its 360 degrees proprietary platform, featuring end-to-end technological solutions for risk assessment, customer support, loan issuing, cash flow management, and BI reporting. As a result, the company has achieved a high level of automation. – 60+% of all requests have been fully automated within seconds. Automatization provides lower operational costs and higher efficiency by eliminating human mistakes. Company strategy is conservative and oriented towards stability and annual profits. As a result of the constant portfolio growth, the company is constantly looking to optimize its channels to get capital for its borrowing activities.
To start the cooperation, ITF Group offers short-term and installment loans with yields payable of up to 12% p.a. to investors on the Income marketplace. All the listed loans are covered with a buyback obligation and the Cashflow Buffer. Junior Share for ITF’s loans is up to 20%. Expected maturity for listed loans is up to 185 days, making their loans an attractive, high-yielding long-term investment.
