Invest   /   Finprotect Factoring Services Working Capital

Finprotect Factoring Services Working Capital (Ukraine)

Introduction about the company

Company "Finprotect" was established in May 2019, while in July 2019 factoring licence was extended by the Commission for Regulation of Financial Services Markets of Ukraine. The company has its focus on services of the troubled assets. During relatively short time span Finprotect has been actively competing and winning several tenders for buying problematic assets of various financial companies. Key strengths of the company is the loyal, personalized and multi-sided approach in solving financial issues of each company's client. 

Since 2019 Finprotect has slowly but steadily acquired market share in the troubled assed servicing space and is currently on its way to acquire leading positions in the Ukrainian factoring services market. Already today Finprotect is working with TOP 10 companies from the short-term micro lending industry. Finprotect is using its expertise to patiently recover funds from the troubled debtors, while the micro lending companies can aling its internal resources on extending loans - win-win situation for both involved partners.

Every company both in microlending and factoring space has to be licenced in Ukraine by the Commission for Regulation of Financial Services Markets of Ukraine.

Investment opportunity

The market price for the troubled assets in the Ukrainian short-term microlending space is very low: 5%-10% from the nominal amount, depending on the quality of the assets. Once Finprotect acquires such troubled assets, the company has the right to recover full 100% principal of the loan in addition to accrued interest. Therefore, the profit potential for this transaction is tremendous. However, the work with debtors takes time, as every individual recovery case is unique. Therefore, the investment project is offered for 12 months, which is a typical cycle to work and agree with the troubled debtors repayment plan and recover funds.

The raised amount will be used directly to purchase troubled debtor loan book either from tenders or direct agreements with the lending companies. There are currently more than 200 officially registered micro lending companies in Ukraine, which can potentially become clients of Finprotect services.

Company homepage - https://www.finprotect.com.ua/

Money raised through GainWest will be used to increase working capital and consequently purchase troubled assets through tender auctions and individual agreements with the lending companies. Purchase price of troubled assets are typically in the range of 5%-10%, depending on their quality, issuing company and aggregate amount. Raising 50,000 (maximum target) would allow to purchase 500,000 - 1,000,000 EUR nominal worth of troubled loans. Extensive and patient work with the debtors is needed over an extended time span, therefore, the project will last 12 months to cover typical debt collection cycle.

Security provided

The loan is covered by Gainwest Investment guarantee fund and personal guarantee by the company's main sharehoder.

Structure of the deal

The loan is issued by GainWest to Finprotect directly.

The company

Igor Kichatiy (CEO) - more than 10 year experience in work with troubled loan assets.

Tatyana Beygul (Head accountant) - more than 20 year experience in working at top management positions in financial institutions. Expert in the international accounting and reporting standards.

Company name: "Finprotect" LLC
Company reg. Nr.: 43004129
Country of residence: Ukraine
Date of incorporation: 16.05.2019
Industry: Financial services
Type of business:  64.99 Other financial service activities, except insurance and pension funding n.e.c.
Revenue in 2019:   5 929 000 UAH / 193 000 EUR
Number of employees: 50
Homepage https://www.finprotect.com.ua/
Registered address: 01601, m.Kyyiv, Pecherskyy rayon, PECHERSKYY UZVIZ, budynok 5, KABINET 109
Contact phone number

+380442298184

Contact email address:

[email protected]

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€ 0 filled € 50,000 left


Investors0

Project ID4

Fundraising opens To be determined

Fundraising expires To be determined

Target€50,000

Min. target€25,000

CurrencyEUR

Interest rate13%

Loan period3 months

Payment periodicitymonthly

Repayment typebullet

Loan typeBusiness Loans

BorrowerFinprotect

Borrower's ID4

LocationUkraine

Investment guarantee fund Yes

Security providerShareholder

Security Personal Guarantee

Affiliated project no


Investment amount (EUR)

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