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Peer2Peer Finance News | July 23, 2019

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Top welcomes new loan originator welcomes new loan originator
Tim Evershed

LATVIAN peer-to-peer payday lender has added a loan originator from Kazakhstan to its platform.

Z-FINANCE provides short-term private lending in Kazakhstan with an average loan size equivalent to €60 (£52).

Investors on the site can now invest in these loans, which have a repayment period up to 30 days and an expected interest rate up to 12 per cent per annum.

Z-FINANCE was launched in July this year and currently lends through a network of 102 sales branches in Kazakhstan.

To date it has lent €3m through over 55,000 loans and it plans to launch an online lending service in the country by the end of 2018.

“The launch of Z-FINANCE has allowed us to enhance our offer for customers,” said Sergey Sedov, chief executive officer of Robocash Group.

Read more: Women are still less likely to invest in P2P, says

“Previously, we were more focused on the younger generations in the age of up to 30 years. Now, thanks to a wide-spread offline net we are able to tap a mature audience and support financial inclusion in the local market.” said that Kazakhstan is its second-largest market accounting for 30 per cent of its business over the first nine months of 2018.

The platform attracted €1.5m (£1.3m) from investors during the first half of 2018, representing a 35 per cent year-on-year increase.

During the first half of 2018, investors financed €21.3m in loans and earned interest of €214,000. provides short-term loans to borrowers in Kazakhstan, Russia and Spain, with an average term of 18 days.

Read more: loan book hits £2.5m in first year