December 26, 2021

Iceland-based NuNu was founded in 2020. It is the spiritual successor of several successful consumer credit companies operating in the Icelandic market. In fact, the history of the group dates all the way back to 2009, when the first consumer credit product was launched in Iceland by the same group of founders. To date, over 1 million loans, totaling over EUR 136 million, have been disbursed. The main products offered are instantly disbursed single payment loans (SPLs). The process of arranging, evaluating, and disbursing a loan with a maximum value of EUR 150 takes is fully digitized and automated. An Iceland-based call center exists for added comfort and increased customer satisfaction.

The company is part of the ORKA Ventures group, which is headquartered in the Czech Republic and operates in Iceland, Denmark, and the Czech Republic. NuNu benefits from shared resources and best practices, as well as the combined 100 years of managerial experience of the Orka’s team.

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