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One of the most innovative Latvian online lending platforms – NordCard, has joined the growing portfolio of originators in iuvo. Our new partners have come from Latvia with great news:
The company will offer the exclusive ‘payment guarantee’ option, or in the event of default in repayment of a loan, both the principal and interest due under the repayment schedule will be paid upon its buyback. It sounds good, right?
NordCard is a fully online platform offering a credit limit on a bank account and a debit card. The company has been on the market since 2016 and operates under the strict supervision of the local regulatory authority – Consumer Rights Protection Center.
Innovation, freedom for every customer and a focus on service are at the heart of NordCard’s business model. As a result of the team’s effective work, the company became profitable 3 years after its establishment. In 2018, the local Revenue Agency awarded the originator with the Trusted Payer Award.
At iuvo, NordCard will offer Class A consumer loans available for investment in EUR and interest of up to 10%. All credits will be secured by a 60-day buyback guarantee, which guarantees both the principal and interest, while the company retains skin in the game of 30 percent of each loan.
Take the opportunity to invest wisely and diversify your portfolio. We remind you to upgrade your autoinvest option to enable your funds to work for you in the best possible way.
Be one of the first to invest in NordCard today. It is worth it!
