Kredis

One of the methods by which the originators control the risk, is using a credit rate score system. This is a procedure of classifying every credit in different categories, based on the default probability (the probability the borrower to stop paying off their loan). All loans in iuvo have a score rate. This is needed so the credits from different originators can be compared

The total amount of the receivables granted by the originator to users since its establishment

The total amount of the receivables issued on the marketplace by the originator

In business and financing, the term “skin in the game” is used to refer to owners or principals having a significant stake in an receivable vehicle, in which outside users are solicited to purchase. This is to ensure the expected annual returns of the originator and the user in the asset are aligned, as both have a stake in the asset/ receivable. On iuvo this means that every loan originator is required to keep certain percentage of each loan listed on the marketplace, which is their “skin in the game”. For example, if a loan originator issues 100 EUR loan to the marketplace and have skin in the game 30%, only 70 EUR of the loan will be available for users to purchase in. The loan originator keeps a stake of 30 EUR.

The year in which the company became profitable