Annual interest rate 10%-13%
Currency EUR
Headquarters Country:
Operating Countries:
Latvia, Lithuania, Estonia, Poland
Score Classes:

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
  • BScore class B
Loan Types:
Business Loan
Year Founded:
Amount of Loans Granted:

The total amount of the loans granted by the loan originator to borrowers since its establishment

14.5М EUR
Amount of Listed Loans on iuvo:

The total amount of the loans issued on the marketplace by the loan originator

0.077M EUR
Installment Types:
14 days
Skin In The Game:

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.

Net Profit for 2022:
0.182M EUR
Number of Employees:
Turn a profit:

The year in which the company became profitable



Monify is an innovative Latvian financial technology startup that provides business finance to small and medium-sized companies for the region of Baltics (Latvia, Lithuania, Estonia) and Poland. Their main product is non-collateral business loan with maximum amount 100’000 EUR and personal guarantee from owner. Main goal of the company is to help businesses grow by providing quick access to business finance- instant and affordable business funding, to every entrepreneur, at any stage, at any part of the world.

Vlad Yermakoff CEO, Monify, Latvia

Being the fastest fin-tech SME lender in Baltics & Poland we are looking for fast, simple and secure funding sources. We believe that our partnership with IUVO will be mutually beneficial and will contribute to the realization of our expansion plans, as well as will bring the desired profit to the investors.

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