As of March 26, 2018, the brand MoneyMetro has changed its name to VIZIA. The name of the brand was changed because its consumer lending operations were moved into a fully online environment.
The company believes that brand VIZIA has a better position in the competitive online lending market in Latvia. The name change of MoneyMetro to VIZIA will have no effect on loans issued under the MoneyMetro brand.
If you currently invest in loans from MoneyMetro your investments will automatically update with the new name.
VIZIA (previously MoneyMetro) is fully owned by ExpressCredit Group, the leading consumer financial services chain in…
ExpressCredit group’s turnover for the nine months of 2017 reached EUR 13.5 million and the Group closed a period with consolidated unaudited profit of EUR 2.2 million
The Group has been successfully operating from 1 January 2017 to 30 September 2017. According to the plan, the total revenue compared to the corresponding period of the previous year has increased by 20.8%, totaling EUR 13 490 124.
The Group’s Chairman of the Board, Agris Evertovskis comments on the 9-month results of 2017: “The Group’s performance growth is significant compared to the 9 months of the previous year. The company’s financial…
The Mintos marketplace now features consumer loans issued in Latvia by MoneyMetro. The company is fully owned by ExpressCredit Group, the leading consumer financial services chain in Latvia, which already places consumer loans issued under the Banknote brand on the Mintos marketplace.
MoneyMetro loans placed on the Mintos marketplace will average EUR 400 and have a repayment term of 12 months. The annual net return to investors is expected to reach 11.5%.
The loans will be supplemented with a buyback guarantee covering loans delinquent for more than 60 days. The obligations of MoneyMetro will be guaranteed by ExpressCredit Group. To retain…