Information about RapiCredit │ Bondster


Information about RapiCredit

Information about RapiCredit

July 15, 2022 Announcements

July 15, 2022

Dear investors,

We would like to update you about the current situation with the loan provider RapiCredit. We are still in intensive contact with the loan provider, while in the meantime we are working together on manual buyback pay outs. We expect that the whole situation caused by the technical issues to be resolved in the coming weeks. According to RapiCredit’s official statement, the provider is in good financial shape, with the first half of 2022 showing a 58.5 % increase in the number of loans issued compared to the first half of 2021. Since May 2022, RapiCredit’s operating income has increased by 89.2%, and EBITDA has improved by 178.5%, while equity has increased by 100%.

On behalf of both Bondster and RapiCredit, we are confident that the entire situation will be settled promptly, and we will continue to grow together.

June 8, 2022

Dear Investors,

We would like to inform you about the situation that occurred in recent days regarding the loan originator RapiCredit.

Due to technical issues between RapiCredit and Bondster, the buybacks have been delayed.

The whole situation with the RapiCredit loan provider is being resolved intensively, and all buybacks have been manually paid to investors as of 31 May 2022. The investments have, of course, been remunerated according to the applicable terms and conditions for the entire period. This week, RapiCredit representatives visited Bondster personally in Prague to resolve the situation together as quickly as possible.

Therefore, if there is a delay in the coming days in the payment of buybacks provided by RapiCredit, the situation will be resolved again by manual payment.

We thank all investors for their understanding and patience.

The Bondster team

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