Launched: 2020
Type of loan: salary loans, Buy Now Pay Later
Loan size: up to 870 EUR
Loan maturity: up to 12 months
Interest rate for investors: 10.5-12.3%
Buyback guarantee: 100%

About the creditor

UnaPay started its work in 2020. The main products are “Buy Now, Pay Later” Installment Loans with a size of up to 530 EUR and a maturity period of up to 6 months, as well as Salary Loans with the size of up to 870 EUR and a maturity period of up to 12 months. The company is operated by Digido Finance Corp., which is a duly registered corporation with a Certificate of Authority to Operate as a Financing Company issued by the Securities and Exchange Commission (SEC).

Model of operation

Verified Users of the platform ROBOCASH (Limited Liability Company Robocash d.o.o.) can access loans issued and uploaded to the platform by Digido Finance Corp., which are linked by the ultimate beneficiary Sergey Sedov. Each loan is assigned to the relevant final Borrower and is secured by the rights of the Digido Finance Corp. to the Borrower under the Consumer loan agreement. According to the Assignment Agreement, ROBOCASH is authorized to service the claims, accept payments arising from the Consumer loan agreement, which Digido Finance Corp. receives from the Borrower and transfers to the account on the platform ROBOCASH, and pay them to the User in the order and amount stipulated in the Assignment Agreement. The principal amount of the consumer loan received by Digido Finance Corp. from the Borrower and transferred to the account on the platform ROBOCASH is simultaneously paid to the User in proportion to the amount of the acquired right of claim against the specific Borrower in full together with the accrued interest. When repayment of the loan is delayed for more than 30 calendar days, Digido Finance Corp. buys out the right of claim of the User of ROBOCASH in full with the simultaneous payment of the accrued interest.