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...


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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 →

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🛍️ 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 new feature called LendPlus that allows users to set and name financial goals through their app.
  • LendMN announced a pre-order for Samsung Galaxy S25 models with a promotion through Lendpay allowing interest-free installment payments.
  • 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 is now offering interest-free and fee-free installment payment options for Propet Food purchases through their app.
  • LendMN is offering a Valentine's promotion with ONDO.brand, giving 247 bonus points and 247GB data for purchases over 247,000₮ using LendPay until February 14, 2025.

👔 LendMN CEO, Management and Leadership Team

  • Baasandorj Davaasuren
    Deputy Chief Executive Officer
    [email protected]
  • Enkh-Amgalan Sengee
    Non-Executive Director, Nomination and Remuneration Committee Chair
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⚔️ LendMN Alternatives and Competitors

  • Pocket
  • |
  • Zeel.mn
  • |
  • SuperUp
  • |
  • KMF
  • |
  • MoneyLion
  • |
  • Credit Rapid
  • |
  • FIIZY
  • |
  • Liridi
  • |
  • Wollit
  • |
  • Evolve Credit
  • |
  • Cream Finance
  • |
  • SoFi
  • |
  • Upstart
  • |
  • LendingClub
  • |
  • Funding Circle UK
  • |
  • Kiva
  • |
  • Avant

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💼 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

  • 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 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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