Team Lendermarket

New Loan Orignator – CrediFace

Welcome to LATAM!

We are delighted to introduce you to our newest and fourth loan originator CrediFace.

CrediFace Perú SAC is a Peruvian Fintech with more than 6 years in the market, it owns the CrediFace and ValeCash brands in Perú and CrediOne in Mexico.

CrediFace finances Consumer loans to Individuals with tickets from USD$300 to USD$5,000 on average for terms of up to 24 months, focusing on Underbanked Dependent segments, with sustained growth characterized by a very low Default ratio (9% to 10%) and good management of the product’s profitability, having overcome the Covid crisis without major inconveniences.

CreditFace’s target market

CrediFace’s target market is underbanked customers, who have banking products but are poorly served. They serve Dependent and Independent clients as long as they do not have negative records in the Credit Bureau and their process is 100% Online to a single signature, making the volume and scalability necessary for the business to be profitable.

CrediFace was born with the slogan of having gradual growth prioritizing the quality of the Portfolio, being very careful in the evaluation maintaining an approval ratio of 8% approx. Its evaluation process contains algorithms that detect indebtedness, payment behaviour and other indicators that make it possible to have a robust portfolio against any external agent.

Thanks to their technology aimed at taking care of the portfolio, they maintain a Delinquency ratio of approximately 10% (out of 100 disbursed clients, only 10 exceed 30 days in arrears), well below other Fintechs. 

CrediFace’s growth is sustained closing 2021 with Revenues of USD 478 thousand and this 2022 is projected to exceed USD 700 thousand. Profitability is measured by the Balance Due/Income ratio resulting in 19% (only 19% Income will cover Delinquencies), this indicator being a maximum of 30% in traditional Banking.

To start the cooperation, CrediFace will offer loans with yields payable of up to 16% p.a. All the listed loans will be covered with a 60-day buyback guarantee

CrediFace’s detailed presentation and the company’s financials can be found in the Loan Originators section.

Log in to your account to diversify your portfolio with loans from Peru.

Recent posts

Company News

Lendermarket is entering a new era with Carles Federico at the helm

Lendermarket has successfully concluded its transitional period We are pleased to announce that Lendermarket has successfully concluded its transitional period under the interim leadership of Connor Gibney. Throughout this phase, our primary objective was to harmonise Lendermarket’s legal and financial operations with the rigorous European licence requirements mandated by the Central Bank of Ireland. With …

Investing Tips

What Is an Emergency Fund, and Why Is It Important?

When you’ve read about finance and investing before, you probably stumbled upon the term “Emergency Fund”. We at Lendermarket also mention it quite often. It’s definitely something that makes you sleep better at night. In this article, we’ll discuss what exactly an emergency fund is, why you need it, and how big yours should be. …

For Lendermarket investors

 Introducing An Improved Dashboard For More Transparency

We are delighted to announce the upgrading of our Lendermarket investor dashboard and increased transparency of how your funds flow to and from loan originators. Specifically, we will be displaying in your dashboard where your funds are pending receipt of payments from a loan originator. With the “Pending Payment” status, you will be able to …

Leave a Reply

Your email address will not be published. Required fields are marked *