What does IuteCredit do?
IuteCredit is a fintech company, which was founded in 2008 in Estonia and its subsidiaries offer instalment loans in the Balkan countries and Moldova.
IuteCredit has over 200,000 active customers in Moldova, Albania, North Macedonia, Bulgaria and Bosnia and Herzegovina. Our mission is to offer an extraordinary experience in the field of personal finance. IuteCredit is the only Estonia-based company whose bonds are listed on the Frankfurt Stock Exchange, and we are working to make bonds available in Estonia as well!
2.9M Population
1.2M Working People
15.8BN$ bn$ GDP
12,5K GDP per capita (PPP)
3.8M Population
1M Working People
18.17BN$ bn$ GDP
12,8K GDP per capita (PPP)
6.9M Population
3.4M Working People
59.6BN$ bn$ GDP
21,8K GDP per capita (PPP)
3.4M Population
1.3M Working People
11.9BN$ bn$ GDP
6,7K GDP per capita (PPP)
2.1M Population
0.9M Working People
11BN$ bn$ GDP
12K GDP per capita (PPP)
Markets
We are the leading personal finance company in the Balkans.
IuteCredit is a fintech company, which was founded in 2008 in Estonia and its subsidiaries offer instalment loans in the Balkan countries and Moldova.
We offer our services in:
Our story
A Company from e-Estonia
IuteCredit was founded in 2008 in Estonia by Tarmo Sild and Allar Niinepuu. The pair opened business operations first in Moldova with confidence that success in Moldova would pave the way for other countries in the region. The company has since become the leading personal finance company in the Balkans and Moldova.
Instalment Loans, Not Payday Loans
IuteCredit offers mainly consumer loans using equity and loan capital. Our loan products are unsecured consumer loans with maturities between 1 and 36 months and car-secured loans with maturities up to 60 months.
We Help Customers Make Their Wishes Come True Faster
We provide customers with the financial resources they need for everyday life. For example, our instalment loans help customers buy refrigerators, TVs, mobile phones, car accessories and to pay for dental or other medical expenses.
The Fastest and Most Comfortable Service
IuteCredit’s mission is to create an extraordinary experience in personal finance by exceeding customer expectations. We know customers value speed and comfort above all, so we offer the fastest and most comfortable financial services and instalment loans.
Our Founders’ Vision
The future of personal finance will be based on instants and instalments. We foresee a future in which it is common to spend your regular monthly income by splitting it between various regular, scheduled payments for goods and services that improve your quality of life during an agreed time window. While some of these payments will be credit repayments. The trick is to make the instalments very easy to execute, turning them into a seamless part of everyday life.
October 2007: Iutecredit founded in Moldova
August 2008: 1st Customer loan issued in Moldova
February 2011: 10,000th client
October 2014: 50,000th client
April 2015: Market entry in Albania
August 2016: 5m+ revenues 100,000 clients
September 2017: Market entry in North Macedonia
November 2017: 12m+ revenues 200,000th client
November 2017: Market entry in Kosovo
October 2018: 300,000th client
February 2019: Market entry in Bulgaria
July 2019: IuteCredit issued EUR 40m bonds 500,000th client
December 2019: Revocation of the licenece in Kosovo 50m+ revenues
February 2020: 600,000th client
March 2020: COVID-19 Stresstest
November 2020: First cardless ATM and MyIute app
December 2020: EUR 10mm tap issue on existing bond
March 2021: FT 1000 Europe’s fastest-growing company
What is fintech?
A fintech, or financial technology company is a company that manages financial processes using software. Financial technology companies use modern technologies to innovate in the financial sector, resulting in new business models, applications, processes, services or products.
We are a financial technology company, but for us, people and excellent customer service always come first. We invest a lot in the introduction of financial technology innovations. We have introduced ATMs that the customer uses only on mobile phones, and we are developing biometric identification and digital signatures that allow us to be part of e-commerce. Our long-term goal is to grow from a pocket bank to a real bank, but to do so very cleverly.
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Why Invest in IuteCredit?
IuteCredit is a fintech company, which was founded in 2008 in Estonia and its subsidiaries offer instalment loans in the Balkan countries. IuteCredit is the only Estonia-based company whose bonds are listed on the Frankfurt Stock Exchange, and we are working to make those bonds available in Estonia as well!
