Peer-to-peer lender Zinc Euro is doing well during the pandemic

Peer-to-peer lender Zinc Euro (Kiska brothers) reported a €2m net profit on €5m sales last year. It pays investors a 6.5% annual yield and has provided clients €20m in loans with an interests rate of 0.5-3% a month. During the pandemic, its volume of non-performing loans stayed at 8%. Its clients are mainly people rejected by Poštová banka and its consumer credit subsidiary Amico Finance, but it is also launching cooperation with financial brokers. The average loan volume is €1,200 €.

(dennikN.sk)