LendMN | Competitive Intelligence Profile
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 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 became the world's first fintech company to receive the 'Customer Protection Certificate.'
- LendMN is offering a ₮50,000 gift to female entrepreneurs as an investment starting March 7-15, 2025.
- LendMN promotes using their app to establish loan agreements for business and personal loans.
- LendMN is offering a 20% bonus on purchases made with LendPay on Market.mn from February 26 to March 9.
👔 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 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
- Delphos has become the exclusive financial advisor for a USD 20 million debt financing for LendMN, marking a significant milestone for the Mongolian fintech company.
- LendMN secured a $20m debt investment from Lendable to expand its digital financial services for Mongolia's underserved MSME sector.
- 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 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.
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