Employees: over 15,000
Branches: 860
Active clients: 20 million
Listed on Johannesburg Stock Exchange
Result
AvaFin’s product offer has been successfully expanded into near prime category (loan pricing up to 50% APR)
AvaFin is now a top 5 European unsecured online loan provider with a focus on marketing automation via affiliate lead generation and centralised credit scorecards backed by custom-made CRM
Capitec has expanded outside its home market via multi-step acquisitions
What we did
NewSchool’s founding team built a diversified online lending operations for Capitec in three steps. First, Capitec acquired a share in an existing online microfinance group AvaFin. Second, we built out a near prime loan product ($10k loan size, 5-year maturity) within AvaFin. Third, Capitec fully integrated AvaFin as its European subsidiary.
Objective
Capitec, the biggest retail bank in South Africa, was looking to expand its business globally by acquiring an existing consumer lender in Europe.
Capitec Bank
Over 50,000 loans monthly
40 physical branches
200K customers in Jordan
Result
Reached an impressive 10 minutes average length process from the start of application to the loan issuance
200K customer base with over 50,000 loans issued on a monthly basis
Money.jo now is one of the leading fintech companies in Jordan providing financial support to cover daily and emergency needs of its customers
What we did
NewSchool team has first analyzed the Jordanian unsecured consumer loan market to understand the key go-to-market strategy. Apart from second-to-none AI and machine learning credit solutions the team assisted with building an affiliate network and cooperations with other local companies and wallets for a swift roll-out and scalability.
Objective
To establish a full lending service IT system, scoring, debt collection and marketing infrastructure in Jordan.
Money for Finance
One of the leading investment groups in the Middle East operating in Saudi Arabia and UAE
Result
Planned launch by the end of 2024
The project is in its final preparatory stage
What we did
At NewSchool we are used to entering new markets and can quickly adapt to harness all opportunities that such markets provide. In Riyadh our client subscribed to full-fledged service starting from the market research and business plan development to assistance in discussion with the regulator, local CEO hiring, front-end app/website development and tailoring of all credit related AI technology and IT systems.
Objective
To establish full unsecured consumer lending operations, IT systems, scoring mechanism, debt collection, marketing and go-to-market strategy, do all regulatory related support work.
Al Hokair Group
Over €20M NPL portfolio principal managed
Spanda is an asset manager specialized in non-performing loans portfolio management
Result
Helped over 15 institutions to free up over €20M of NPL portfolio value
Spanda launched its operations in Spain in 2023
What we did
Spanda Capital is a very illustrative example of how we employed our technology to pivot into NPL portfolios’ data driven valuation.
Objective
Spanda Capital, a newcomer in the debt management service industry, was looking for portfolio data analytics tools and debt service monitoring software.
Spanda Capital
Expanded the portfolio from smaller enterprises loans based in Latvia to international logistics and real estate development financing
Over €17M principal in loans
1,500 loans issued
Result
Collateral options for clients were widened to transport and industrial equipment
Efficient balance sheet analytics tools helped to expand business into other verticals of collateralized loans (real assets, trade finance, credit lines)
What we did
NewSchool developed credit risk management processes and created financial reporting and automation systems. Leveraging Esketit platform we have also provided funding for Aksioma 24 to secure financing for their international expansion.
Objective
Aksioma 24 is a successful SME lending platform which reached out with a request for custom made balance sheet analytics and funding.
Aksioma 24
Over €100M annual revenue
Operations in 5 geographies
€1,25B loan principal issued
4,000,000 consumer loans issued
Result
AvaFin has funded over €130M through Esketit
Built out esketit.com, near 20K registered investors in 3 years
What we did
NewSchool created a separate p2p crowdlending platform marketing AvaFin as a potential borrower. It was an important milestone for opening doors to retail investors as an alternative pool of capital which then spill over into other projects financing.
Objective
AvaFin, a leading European online consumer lending group, was looking to build a customised crowdlending platform in order to diversify its debt funding sources.
AvaFin
Over $150M principal issued
5,000 monthly loans
Over 1,500,000 clients in Sri Lanka
Result
Loanme is a member of DALA – the only self-regulating body for the digital lending industry in Sri Lanka, which commits to fair and ethical business standards with a focus on consumer protection
Loanme now is one of the leading fintech companies in Sri Lanka providing financial support to cover daily and emergency need of its customers
What we did
NewSchool team has first analyzed the Sri Lanka unsecured consumer loan market to understand the key go-to-market strategy. Apart from second-to-none technical AI and machine learning credit solutions the team has also looked into ESG and socially responsible lending pioneering integration of these aspects into consumer loans market in Sri Lanka.
Objective
To establish a full lending service IT system, scoring, debt collection, and marketing infrastructure in Sri Lanka.
Loanme
Provide accelerated payment cycles, distribution services and improved insights
Utopia is a music technology company that develops advanced data-driven solutions for music industry
Result
SPV structure that protects Esketit investors in case of bankruptcy
Raised over €3M from Esketit in the first months of listing
What we did
With the help of our partner, we set up the SPV structure in Liechtenstein to be able to allow Utopia to sell royalties to retail investors. This was the first NewSchool project which was related to a non-financial institution business model and set-up. Our team had to understand the industry dynamics and business model of Utopia to assist with a suitable financial solution. Implemented SPV structure gave a possibility to list those royalties advances at our partner platform Esketit raising over €3M in the first months.
Objective
Utopia is a successful music technology company that also provides royalty advances for artists who reached out with a need for debt funding.
Utopia
Strong presence in the Middle East
GCC Leading FinTech Company
One of the leading GCC FinTech company specialized in payments and remittance
Result
Further roll-out outside GCC is planned for 2025
The project is in its final preparatory stages with a planned launch in Q2 2024 in GCC
What we did
Leveraging our vast experience in the region NewSchool team provided compelling consumer lending operations solutions to complement the current set-up of the client. It was an ideal cooperation from technology integration stand-point and demonstrated how NewSchool’s AI and machine learning tools can be easily incrusted into existing clients’ databases and infrastructure.
Objective
To leverage its current client base and capitalize on establishing consumer lending operations to increase penetration in the market and provide more diverse product set to its customers.
GCC FinTech Company
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