LendMN | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights
LendMN is a pioneering FinTech company in Mongolia that provides a mobile-based solution for everyday financial issues, offering...
LendMN is a pioneering FinTech company in Mongolia that provides a mobile-based solution for everyday financial issues, offering accessible, collateral-free consumer loans and personal finance management tools. It represents a significant advancement in the financial services sector within the country.
Website
Headquarters
Ulaanbaatar, Mongolia / Монгол улс
Size
51-200 employees
Industry
Financial Services
🛍️ LendMN Product and Pricing News →
👔 LendMN CEO, Management and Leadership Team →
⚔️ LendMN Alternatives and Competitors →
💼 LendMN Hiring and Layoffs →
🤖 LendMN Developer, Integration and Automation News →
📈 LendMN Financials, Fundraising and Valuation News →
🛍️ LendMN Product and Pricing News
- LendMN increased the minimum interest rate for its long-term consumer loans from 3.51% to 3.69% as of the latest update.
- LendMN app now allows purchases on Zary.mn with options to split payments using Lendpay or Flexipay.
- LendMN announced a pre-order for Samsung Galaxy S25 models with a promotion through Lendpay allowing interest-free installment payments.
- LendMN announced a new feature called LendPlus that allows users to set and name financial goals through their app.
- LendMN is offering a payment option to split purchases into 4-6 installments through PocketZero.
- LendMN offers a fully digital unsecured business loan in 5 minutes through their app.
- LendMN will present Mongolian innovation at the "Money 20/20 Asia" forum on April 16, 2025.
- LendMN will participate in the 'Money 20/20 Asia' international forum to showcase Mongolian innovation.
👔 LendMN CEO, Management and Leadership Team
-
Deputy Chief Executive Officer
[email protected] -
Non-Executive Director, Nomination and Remuneration Committee Chair
⚔️ LendMN Alternatives and Competitors
- Zeel.mn |
- SuperUp |
- KMF |
- MoneyLion |
- Credit Rapid |
- FIIZY |
- Liridi |
- Wollit |
- Evolve Credit |
- Cream Finance |
- SoFi |
- Upstart |
- LendingClub |
- Funding Circle UK |
- Kiva |
- Avant
💼 LendMN Hiring and Layoffs
- Batzaya Enkhtur has left LendMN as a CRM manager in Mongolia to join CallPro as a General Manager.
- LendMN is hiring a Financial Analyst in Ulaanbaatar, Mongolia, to manage budgets and oversee financial planning.
🤖 LendMN Developer, Integration and Automation News
- Skin's20 brand has joined LendMN.
- HERA's online store now allows customers to purchase items in installments without interest or fees using LendMN.
📈 LendMN Financials, Fundraising and Valuation News
- LendMN's 2024 earnings call revealed a 90% increase in loan portfolio to 237.7 billion MNT, an 86.6% rise in interest income to 89.2 billion MNT, and an 82.3% growth in net profit to 36.1 billion MNT, with plans to secure funding from international organizations.
- LendMN's CEO Ts. Uuganbayar will present the company's 2024 financial and operational report during an earnings call.
- LendMN released its 2024 annual report on February 7.
- LendMN's stock price decreased by 2.00% to ₮153.23, with a significant increase in trading volume to 76,570 shares and market valuation rising to ₮124,176,000,000.
- LendMN served over 1.3 million users and captured 17.7% of the NBFI loan market in 2024, while using AI-driven risk management to outperform traditional lending models.
- LendMN decided to distribute 30.62% of its 2024 net profit, amounting to 11,089,525,245 MNT, as dividends to its shareholders.
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