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AvaFin

🌎 avafin.com

AvaFin is an international Fintech group established in 2012, specializing in providing convenient loan products through a state-of-the-art financial solutions technology platform. The company operates in five markets: Poland, Spain, Mexico, the Czech Republic, and Latvia, and aims to make money available to consumers with a focus on customer convenience and satisfaction. Backed by Capitec Bank, AvaFin has served over 1.3 million unique customers and issued loans exceeding €1.25 billion.

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Updates as of Oct 07, 2024

• AvaFin has been accused of sending misleading messages about debt amounts, causing confusion among customers.
• Capitec plans to expand globally through AvaFin after technology investments increased its market share.
• At AvaFin's annual senior management meeting, leaders crafted a mosaic titled 'AvaFin2030' as part of their creative strategy session.
• AvaFin has communicated that they are obligated to report data to BIK and cannot stop processing information about settled obligations.
• On September 26, 2024, AvaFin's digital loans provide quick, flexible, and accessible financing without complicated procedures or credit history requirements.

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