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Creamfinance

Fintech Company
Warszawa Mazowieckie 01-211

+37120655702

Rated 5/5 (5 Reviews)
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Creamfinance makes money available by providing one-click loans to consumers globally.

    Contact Information

  • Company Name
  • Creamfinance
  • Online Social Profiles
  • Phone Number
  • +37120655702
  • Location
  • 2/8 Kasprzaka
    Warszawa, mazowieckie 01-211
    Poland

    Company Details

  • Year Established
  • 2012
  • Honors & Awards
  • * 2nd fastest-growing company in Europe by Inc.5000 2016
    * European Fintech 100
    * Shortlisted by McKinsey and Google in DT50 among top digital 50 companies in Europe

More About Creamfinance

Consumer finance services provider Creamfinance was founded in 2012 in Latvia and has experienced consistent growth since. The company is currently operating in seven countries – Latvia, Poland, Czech Republic, Georgia, Denmark and Mexico with an IT office in Austria. Utilizing advanced algorithms and machine-learning capabilities to quickly evaluate and score, Creamfinance offers a highly customized Smart Data scoring approach to the personal loan process in a speedy and reliable manner and aims to become a one-click loans provider to consumers globally.

National platforms are operated by an international team, consisting of over 200 employees from 13 countries, working to improve services across operating markets in Europe.

In 2014 the data-driven consumer lending company raised 5 million euros from the leading international venture capital fund, Flint Capital, which invests across US, Israel and Europe.

In March the company has been ranked as the second-fastest growing company in Europe by the prestigious Inc.5000 Europe ranking; this November Creamfinance has been shortlisted in Slush DT50 to compete for the most prominent B2C Scale Up award.

More Facts About Creamfinance

We live in a world where there is an increasing need to gain access to emergency financing and extra funds to face the increasing expenses of life. Most people are facing more commitments than what they actually own and this makes them tight and vulnerable in face of any financial emergency. Obtaining a loan could involve a lot of paperwork and could be time consuming and frustrating, especially to small loans borrowers. It will not be the best option if someone has to deal with a sudden financial emergency that requires fast action. These ideas inspired the formation of Creamfinance.

Creamfinance is an innovative company that specializes in providing innovative, improved and automated financial services and solutions to its customers located in various countries. It facilitates the access to paperless consumer financing by the most advanced scoring techniques. This maximizes risk management and minimizes consumers’ efforts. The company utilizes machine learning abilities to give loans and provide financial solutions at anytime and anywhere. 

The company aims to make getting loans a one click operation and is focused to be the number one online loans provider globally. 

History of the company:

The company was co-founded by Davis Barons and Matiss Ansviesulis in 2012. Today they still run the company together with Patrick Koeck as the Chief Operating Officer. In 2014, the company successfully raised a significant amount of money in investment by a key Silicon Valley investor. In 2015, it agreed with Mintos, a peer-to-peer lending platform to offer the Georgian investors the chance to invest in short term loans. It also moved its office from Latvia to Warsaw Poland. 

The company’s business model:

The company is a consumer finance company that uses Smart Data, the most accurate way to calculate credit readiness. This enables the company to effectively and reliably serve its customers. Due to this technology, the company is able to provide fast loans and financial solutions to its customers in 5 countries; Latvia, Georgia, Poland, Czech Republic, Denmark and Mexico. The company’s products contain micro loans, installment loans and credit line.

The company analyses credit related data available from traditional resources. They use this analysis to approve loan applications. The smart analysis of relevant data enables more people to benefit from the company’s services. The company provides financial services to customers in need when they are most needed. The company’s business is based on high tech and digital automated technologies and this is why it runs all its business online. It benefits the company and its customers by becoming more accessible. The company puts extra emphasis on the proper communication of technological and social knowledge and the transparency of their operations. The company focuses on the fast pace and visionary attitude to increase its profitability and maximizing the benefits granted to their customers.

Target customers:

Most of the company’s customers are first time loan seekers who find themselves in sudden need of money due to an emergency. Until now, the company has processed more than 2.7 million applications to date.. The average customer is between the age of 25 and 40 years old with an average income. Customers in average take loans worth 200 euros to be repaid within 28 days and that would be enough to cover an emergency or the normal increase in living expenses.

The idea behind the company:

In many emerging markets and less developed economies, many people are denied access to loans and financing solutions. A lot of people lack the chance to obtain the needed financial solutions due to the strict rules of traditional banks, so they forgo banking altogether. This denies them the chance to obtain emergency financing or an additional income needed to face life expenses. 

At the same time, the process of obtaining a loan is a time consuming process that requires a lot of paperwork and data processing. This makes it impractical for people who are only interested in small loans or installment loans. The company realized the potential of achieving greater profitability by offering people the chance to obtain small loans with the least amount of data processing. All the work done by the company is done online and this means that customers don’t have to queue in or go through a lot of paperwork to obtain a loan. The loans are usually small and are obtained fast to face a sudden emergency through a hassle free operation. 

The company is now parent to CreditOn, LendOn and CreditOne brands. All of them offer innovative financial solutions to customers in Latvia, Poland, Czech Republic, Georgia, Denmark and Mexico. The company aims to be the number one online loan provider across the globe which is a goal they are seriously working very hard to achieve. The company also plans to turn lending and borrowing money to a one click easy operation, which will make it more appealing to its customers across the globe.

The company only hires the best team of economists, financial experts and developers to offer the best financial solutions. It is determined to improve and widen its activities worldwide by addressing the most urgent needs of its customers. 

Investors:

In 2014, the company raised 5 million Euros from Flint Capital, a successful business partner that invests across the USA, Israel and Europe in mobiles and advertisement in addition to educational and financial innovative technologies. In 2015, the company succeeded in raising debt financing from investment funds dedicated to marketplace lending as well as a public bond issue in the Warsaw Stock Exchange. 

For additional information about Creamfinance: www.creamfinance.com

Creamfinance Specialties


Creamfinance Reviews


Submitted by IDEA HOUSE Events on Tuesday, Mar 07, 2017

Conference Riga COMM 2016

iDEA HOUSE events and the company Creamfinance collaborated for the conference Riga COMM 2016. It was very pleasant and easy to work and communicate with the Creamfinance team. All the needed information was promptly provided, and the contribution of Matiss Ansviesulis to the conference as a discussion panelist was valuable. Thank you!

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Submitted by Turn Digital on Thursday, Mar 02, 2017

Project Manager

Creamfinance is like a well oiled engine- everything runs smoothly, communication is easy and efficient, and they are never late on fulfilling promises.

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Submitted by BB1 on Monday, Feb 20, 2017

Great technology and great people

My company has been working with Cream for over a year now and we are very impressed how clever and fair their credit scoring is. Plus the whole Cream Finance team are such a nice bunch of people.

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Submitted by Jamie At The Green Business Bureau on Saturday, Feb 18, 2017

The professional teams at Creamfinance set a strong example in the environmental sustainability space.

From the beginning, our organization has been very impressed with the teams at Creamfinance. Every single person we've interacted with has been a high calibre professional who displays a refreshing, friendly, positive, "can do" attitude. Additionally, Creamfinance's commitment to environmental sustainability and focus on making a positive difference for our planet is inspirational. They are model members of the Green Business Bureau and continue to make impressive strides as they earn their Green Business Certification.

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Submitted by Tech Directory on Thursday, Feb 16, 2017

Amazing Company to work With

We now understand why you are the 2nd fastest-growing company in Europe by Inc.5000 2016, European Fintech 100 and Shortlisted by McKinsey and Google in DT50 among top digital 50 companies in Europe. Our communication and experience with you have been great. Thank you

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Warszawa Mazowieckie 01-211

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