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
- AScore class A
The total amount of the loans granted by the loan originator to borrowers since its establishment
The total amount of the loans issued on the marketplace by the loan 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 investment vehicle, in which outside investors are solicited to invest. This is to ensure the interests of the originator and the investor in the asset are aligned, as both have a stake in the asset/ investment. 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 investors to invest in. The loan originator keeps a stake of 30 EUR.
The year in which the company became profitable
Access Finance AD is the legal successor of Access Finance Ltd. – a non-banking financial institution, established in 2013. It is subsequently entered into the BNB register under No. BGR00465.
The company’s main activity is providing cash loans with its own funds, according to the Law on Credit Institutions.
The company offers a wide range of affordable credit products on the Bulgarian market. The leading one of them – “Biala Karta”, is the absolute leader among non-bank credit cards on the Bulgarian market.
Thanks to continuous investment in innovative technology solutions, Access Finance provides its more than 140,000 satisfied customers with impeccable customer service.
The company is part of Management Financial Group’s ever-evolving fintech ecosystem.
Access Finance is a technology company which is one of the leaders on the Bulgarian credit card market. In order to maintain high quality of all our processes, we always strive to work with the best partners on the market. So only after a careful market research, Access Finance chose iuvo. Their terms and conditions are one of the best on the market, and more importantly, the reputation and stability of the company are impeccable.
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