Credon

CREDON is a financial holding company that simplifies consumer and collateral loan issuance using fintech technologies in 15+ countries.

Minimum investment

20 EUR

Advertised return

N/A

Investors

N/A

Payment options

N/A

Total funding volume

N/A

Average loan duration

N/A

What does Credon offer?

The CREDON platform operates as part of a financial holding company that implements and supports the CREDITONLINE credit business management system in more than 15 countries, including the UK, Denmark, Spain, Switzerland, Poland and the Baltic States, and has been engaged in lending since 2007. For more than 14 years, our company’s mission has been to simplify the process of issuing consumer online loans and obtaining collateral loans using our own developments and technologies. The CREDON platform is the best example of what can be achieved with the help of applied fintech technologies for a new generation of technically advanced users.

Profile strength: Intermediate

Would you invest via Credon?

What is the target industry of the Credon crowdfunding website?

Credon offers to invest in various crowdfunding opportunities from the SME sector.

What is the minimum amount needed to invest at Credon crowdfunding platform?

At Credon, you can start investing with 20€.

What types of investment does the Credon crowdfunding platform provide?

The investment models Credon operates is P2P lending.

General information

Credon is a Peer to Peer marketplace founded in 2021. It is not sure in which country the platform operates, as there is different information indicated in the platforms web page and user agreement. So far Credon has connected to 3 loan originators from Poland that mostly offer investments in payday loans. Promised interest rate varies around 13% annually although the platform has not published any statistics concerning mean interest rates or other metrics.

Conclusion

Overall, unavailability of information provided about their financials, statistics, team, owners, loan originators indicates that Credon lacks transparency. The platform is not licensed and most likely is still developing. Of course, there are positive aspects as well: all loans are secured by buyback guarantee, skin in the game of the listed loans are above market average and most of the loan originators offer a group guarantee.

Board team

Credon does not disclose any information about a team behind the project but according to SIA Credon that is registered in Latvia it is managed by Rupšys Juozas who side to side with Volodymyr Utenko is considered to be the UBO of the company. On LinkedIn profile Rupšys Juozas hasn't indicated any activity in Credon platform.

Would you invest via Credon?