New partnership with loan originator Noviti Finance-Lithuania

New partnership with loan originator Noviti Finance-Lithuania:

We are happy to announce a new partnership! Our new partner Noviti Finance is non-bank lender that provides business loans up to 25 thousand euros in Lithuania since 2016.

About Noviti Finance

Noviti Finance has been successfully disbursing loans to Lithuanian business since 2016. They already funded over 1000 small-medium businesses and lent over 10 million euros since they started to grow their business. The team of Noviti Finance is focusing on good customer experience, transparent pricing, flexible risk scoring and fast financing.

On Feb 20, 2020 Noviti Finance signed the agreement with European Investment Fund (EIF). The EIF will guarantee a portfolio of up to €10 million in new loans issued by Noviti Finance. More information on that is in the press release: https://ec.europa.eu/commission/presscorner/detail/en/IP_20_250

Noviti evaluates both company and business owners who are surety providers. In order to ensure independent opinion on scoring rating and credit history of borrowers Noviti uses scoring from Creditinfo – very reputable score provider that evaluates many factors like profitability, equity level, payable and receivable amount ratios. Noviti checks business owner assets, historical income, personal credit history and existing level of obligations. In order to get a positive decision a company and guarantor should meet Noviti requirements, if at least one is missing, – the decision is negative. 

So go and check the Noviti assets available on the platform and include them in your investment plan!