IuteCredit, a capital market-oriented European fintech company, secured $3,000,000 funding from Kilde through private bond issuance

IuteCredit is a leading European fintech lender and payments services provider, whose secured bonds are listed on the regulated market of Frankfurt Stock Exchange and the main list of Nasdaq Baltic. The company was established in 2008 in Estonia and serves more than 850,000 customers across 5 markets, providing them with access to a variety of products, which include MyIute app, buy-now-pay-later, cash installment loans, car loans, own ATM network, and credit cards etc. IuteCredit also operates a bank in the Republic of Moldova.

Qualified investors on Kilde platform are now able to purchase private bonds, issued by IuteCredit, on the same rights as public bondholders, and take part in consistent growth of the company, which has been profitable since the start of its operations. Aalto Capital (Munich) facilitated the partnership between the companies, and acted as a financial advisor to the transaction. 

“Partnership with IuteCredit provides our investors with yet another avenue to invest in consumer loans in the emerging European markets. IuteCredit stands out from their competitors thanks to their focus on technology and great customer experience. ” said Radek Jezbera, CEO of Kilde. 

Tarmo Sild, CEO of IuteCredit expressed: “IuteCredit is steadfastly pursuing its goal of becoming a leading multinational Neobank. We are very excited that we have found the best fit with Kilde as our partner in Singapore along this path. In a win-win-win situation, we are thus tapping into a further group of investors in Asia.”

Manfred Steinbeisser, Managing Partner of Aalto Capital added: “We are happy having acted once more as Financial Advisor to IuteCredit and helped to facilitate this transaction. I am sure, that IuteCredit will benefit from getting access to Asian investors as their investor base will be further diversified.”

About IuteCredit

IuteCredit Group – established in 2008 – is a leading European fintech company. The Group is specialized in consumer finance and payment services via its 100% subsidiaries. Iute serves customers currently in Moldova, Albania, North Macedonia, Bulgaria as well as Bosnia and Herzegovina under “MyIute” and “IuteCredit” brands, while it is expanding its services, geographies and brands ecosystem.

The Group’s core loan products are unsecured installment loans and buy-now-pay-later loans with maturities between 1 month and 48 months and collateralized loans with maturities up to 72 months. Loans are provided over the webshops, Iute’s website, MyIute app, network of branches, merchants and partners.

Iute’s payment services vary from country to country between full-range solutions provided as a bank, and partial solutions subject to the license issued in any given country. The Group operates its own ATM network that is accessible with the MyIute app.

The Group finances its loan portfolios with equity, with secured bonds that are traded on the regulated market of Frankfurt Stock Exchange and the main list of Nasdaq Baltic and with deposits (as a bank inside a given country).

The mission of IuteCredit is to create the extraordinary experience in personal finance by exceeding customers’ expectations.

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About Kilde

Kilde is an income investment platform that disrupts term deposits. We offer terms from 3 to 36 months with an 8-11% yearly return. Interest is distributed to investors as often as once a month.

We generate high but safe returns by lending funds to leading consumer and SME lending companies in Asia and Europe. At Kilde, we work with every investor on the same conditions as we work with credit funds and family offices. Fairness is our promise, and we keep it.

The Monetary Authority of Singapore regulates Kilde as a financial institution dealing in securities and exempt financial adviser. Our senior team has 30+ years of experience in consumer and SME lending. We serve 200+ individual and institutional investors who gave us more than USD 8,000,000 in exchange for an average net return of 10.48%.  

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About Aalto Capital

Aalto Capital offers a wide spectrum of finance, M&A, strategy and investor relations related advisory services for privately owned & publicly listed companies and private equity funds enabling them to prosper in the long-term. The cornerstones of Aalto Capital’s business philosophy are longevity in client relationships and thorough understanding on each client’s unique needs combined with unquestioned trust in every occasion. The wide range of financing options offered on the market might appear indistinct and inscrutable – with a long-standing expertise and experience Aalto Capital helps its clients in finding the right solution that satisfies their individual needs.

Aalto Capital offices are located in Munich, London, Helsinki, Stockholm, Zurich and New York. In addition, the geographical reach and partner network covers the whole of Europe, Asia, the Middle East and the US.

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