Blender Financial Technologies today reported the contracting of the subsidiaries Blender Lithuania and Blender 2x Israel with an international insurance company for insurance of loan portfolios in Lithuania, Latvia and Israel. The coverage rate of the policy in Lithuania and Latvia will be 13.5% of non-compliance with loan repayment, less a deductible of 3.5% of the non-compliance rate of loan repayment. The coverage rate of the policy in Israel will be 14% of non-compliance with loan repayment, less a deductible of 4% of the rate of non-compliance with loan repayment.
Dr. Gal Aviv, CEO of Blender Financial Technologies: “We are continuing for the third year in Blender’s consumer credit portfolio insurance. In the year of Corona’s global crisis, the agreement signed is a strong expression of confidence in Blender’s operations and its technology. The loans, the maximum spread and the accumulating security fund. “
Last January, Blender was issued on the Israel Stock Exchange, and is the first fintech company to be listed on the Tel Aviv Stock Exchange. The company won significant excess demand twice in the public tender and increased the raising to NIS 80.5 million. After raising NIS 55 million at the institutional stage.