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!

MORE ABOUT US
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ALBANIA
2.9M Population
1.2M Working People
15.8BN$ bn$ GDP
12,5K GDP per capita (PPP)
BOSNIA AND HERZEGOVINA
3.8M Population
1M Working People
18.17BN$ bn$ GDP
12,8K GDP per capita (PPP)
BULGARIA
6.9M Population
3.4M Working People
59.6BN$ bn$ GDP
21,8K GDP per capita (PPP)
MOLDOVA
3.4M Population
1.3M Working People
11.9BN$ bn$ GDP
6,7K GDP per capita (PPP)
NORTH MACEDONIA
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

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!