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Creditstar Group
Creditstar Group, a provider of consumer financial services in Europe, was established in 2006 in Estonia, where they hold approximately 40% market share.
Creditstar Group, a provider of consumer financial services in Europe, was established in 2006 in Estonia, where they hold approximately 40% market share.
The Group is run by an entrepreneurial team of more than 140 people from more than 20 nationalities. Creditstar has surpassed the one million user accounts milestone, serving customers across eight countries in Europe, including Estonia, Finland, Sweden, Poland, UK, Czech Republic, Spain and Denmark.
The company is one of the most seasoned issuers in the Baltic bond market, with 26 successful issues since established.
At Lendermarket, Creditstar Group AS provides the investors with a group buyback guarantee to secure each loan originator's obligations.
Creditstar’s revenue and customer growth have been fueled by entry to new geographical markets, expanding customer base and product development. The company offers unsecured online and mobile consumer loans in the amount of 50 to 10,000 euros for a period of 5 days to 36 months (or longer in case of credit line). Lending activity is supported by an industry-leading infrastructure that meets strict regulations and provides an exceptional user experience. Creditstar Group acts according to the Responsible Lending policy and thoroughly checks the background of all loan applicants.
At Lendermarket, Creditstar Group AS provides the investors with a group buyback guarantee to secure each loan originator’s obligations. Creditstar can extend the duration of a loan by paying interest, as per loan schedule. A maximum of six extensions is allowed, 30 days per extension.
Loan originator
Country
Buyback obligation
Group guarantee
Loans listed at Lendermarket*
Skin in the game
Operating since
Average interest rate at Lendermarket
CountryPoland
Buyback obligation
Yes
Group guaranteeYes
Loans listed at Lendermarket*34,711,000
€
Skin in the game5%
Operating since2016
Average interest rate at Lendermarket14%
About company
Registered as a loan institution in the Polish Financial Supervision Authority (KNF), Creditstar Poland Sp.z.o.o. has been a part of the Group since January 2015.
The group set up an office in Warsaw, in addition to the headquarters in Tallinn, Estonia. Warsaw is an excellent strategic location for Credistar’s business growth and highly qualified talent.
The company grants loans for a period of 30 to 90 days, and repeat borrowers can increase the loan amount to PLN 5,000.
CountryMonefit Estonia OÜ
Buyback obligation
Yes
Group guaranteeYes
Loans listed at Lendermarket*15,100,000
€
Skin in the game5%
Operating since2017
Average interest rate at Lendermarket14.8%
About company
Monefit hat 2017 den revolvierenden Kredit eingeführt und dieser ist die neueste Generation von Kreditprodukten der Creditstar Group. Ähnlich wie bei Kreditkarten ermöglicht das neue Produkt den Kunden, Geldmittel flexibel nach ihren Bedürfnissen und Umständen abzuheben und zurückzuzahlen (allerdings gilt eine monatliche Mindestrückzahlung).
Monefit Estonia OÜ ist seit 2016 ein von der estnischen FSA (Finanzinspektion) lizenzierter Kreditgeber.
CountryMonefit Estonia OÜ
Buyback obligation
Yes
Group guaranteeYes
Loans listed at Lendermarket*15,100,000
€
Skin in the game5%
Operating since2017
Average interest rate at Lendermarket14.8%
About company
Monefit revolving credit launched in 2017, and it is the latest generation of lending products in Creditstar Group. Similarly to credit cards, the new product allows customers to withdraw and repay funds flexibly according to their needs and circumstances (although minimum monthly repayment applies).
Monefit Estonia OÜ is a licensed creditor under the Estonian FSA – Finantsinspektioon – since 2016.
CountryFinland
Buyback obligation
Yes
Group guaranteeYes
Loans listed at Lendermarket*9,801,000
€
Skin in the game5%
Operating since2010
Average interest rate at Lendermarket13.9%
About company
Creditstar Group AS began international expansions in 2009 and Finland was the first market. Creditstar Finland has consolidated their position within Creditstar, growing the business year after year.
The company is regulated by the Finnish Regional State Administrative Agencies.
The team provides credit in a responsible manner offering amounts up to 2,000 euros, for the duration of 30 days to 12 months.
CountrySpain
Buyback obligation
Yes
Group guaranteeYes
Loans listed at Lendermarket*3,163,000
€
Skin in the game5%
Operating since2016
Average interest rate at Lendermarket13.9%
About company
Creditstar Spain SL ist seit Dezember 2015 Teil des Konzerns. Das Team ist stolz darauf, mit dem spanischen Verband für Mikrokredite zusammenzuarbeiten und dessen Ethikkodex anzuwenden.
Kredite werden für 5 bis 30 Tage angeboten und Stammkunden können die Kreditsumme auf bis zu 1.000 Euro erhöhen. Durch den nahtlosen Prozess der Kreditbeantragung stehen Kreditnehmern die Mittel in wenigen Minuten zur Verfügung.
CountrySpain
Buyback obligation
Yes
Group guaranteeYes
Loans listed at Lendermarket*3,163,000
€
Skin in the game5%
Operating since2016
Average interest rate at Lendermarket13.9%
About company
Creditstar Spain SL has been part of the Group since December 2015. The team is proud to cooperate with the Spanish Association of Microloans and apply their Code of Ethics.
Loans are offered for 5 to 30 days, and repeat borrowers can increase the loan amount up to 1,000 euros. The seamless process of loan application makes funds available to borrowers in a matter of minutes.
CountryCzech
Buyback obligation
Yes
Group guaranteeYes
Loans listed at Lendermarket*1,346,500
€
Skin in the game5%
Operating since2016
Average interest rate at Lendermarket13.2%
About company
English
CountrySweden
Buyback obligation
Yes
Group guaranteeYes
Loans listed at Lendermarket*630,000
€
Skin in the game5%
Operating since2011
Average interest rate at Lendermarket14%
About company
Seit 2011 ist die Creditstar Sweden AB als Konsumentenkreditunternehmen von der schwedischen Finanzaufsichtsbehörde (Finanzinspektion) zugelassen und reguliert.
Das engagierte Team von Creditstar Schweden bietet qualifizierten Kunden unbesicherte Kredite über einen schnellen Online-Prozess an. Die Laufzeit eines solchen Kredits kann zwischen 6 und 24 Monaten betragen. Eine Person kann eine Kreditsumme zwischen 5.000 SEK und 50.000 SEK beantragen.
CountrySweden
Buyback obligation
Yes
Group guaranteeYes
Loans listed at Lendermarket*630,000
€
Skin in the game5%
Operating since2011
Average interest rate at Lendermarket14%
About company
Since 2011, Creditstar Sweden AB is authorised and regulated as a consumer credit company by the Swedish Financial Supervisory Authority – Finansinspektionen.
The dedicated team of Creditstar Sweden offers unsecured loans to qualified customers through a fast online process. The loan period can be from 6 to 24 months. A person can apply to borrow between SEK 5,000 and SEK 50,000.
CountryDenmark
Buyback obligation
Yes
Group guaranteeYes
Loans listed at Lendermarket*80,500
€
Skin in the game5%
Operating since2019
Average interest rate at Lendermarket14%
About company
Creditstar Denmark ApS has been operating since receiving authorisation from the Danish Financial Supervisory Authority in 2019.
The company follows responsible lending principles and offers personal loans to qualified customers through a fast and simple application process. Their loan period is 12 months, and the borrowers can apply for up to DKK 12,000.