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INTERVIEW WITH FLENDER CEO, KRISTJAN KOIK

How would you describe the Flender platform?

Flender was established in 2016 to help Irish businesses gain access to the funds they need to succeed. Our goal was to make applying for finance simple and straightforward, and to provide funds to Irish SMEs as quickly as possible.

Through our digital platform, we can review, process and fund business loans in as little as 24 hours. Our dedication to digital lending, and our attention to the needs of our lenders and borrowers has made Flender Ireland’s fastest growing digital lender.

Flender CEO & Founder, Kristjan Koik

What are the three main advantages for investors?

  • Consistent solid returns: Flender offers term loans of up to €300,000 to well established, cash generating Irish SMEs. With rates ranging from 6.25% for A+ grade loans to 13.7% for D grade loans, investors can expect excellent returns while balancing their loan portfolios.
  • Rigorous credit procedures: Flender has a rigorous credit process and focuses on credit quality. The credit team has been recruited from Ireland’s leading banks and the Head of Credit has more than 12 years business underwriting experience. This focus on quality means that loans are carefully graded and we are confident in the SMEs that we lend to.
  • Best in market performance: Flender has a market leading default rate of just 1.2%.

Is the technical platform self-developed or using a white label solution?

The Flender IP and platform were developed and built from scratch by an in-house development team. The Flender platform was built to match lenders with borrowers and provide the fastest access to capital possible.

What ROI can investors expect?


With reinvestment, average investors can expect returns of just over 10%

How reliable is the credit rating/credit history data available?


Flender has a rigorous credit process that focuses on credit quality. The credit team has been recruited from Ireland’s leading banks and the Head of Credit has more than 12 years business underwriting experience. This focus on quality means that loans are carefully graded and the average default rate is 1.2%.

Are you open to international investors?


Yes! Flender’s investors are truly international with lenders from all across Europe and around the World.

Is your platform regulated?


There is currently no regulatory body for digital, alternative or P2P lenders in Ireland. However, Flender will welcome and participate in the regulatory process when it is introduced. Flender’s parent company NKK Finance is regulated by the FCA in the UK.

How do you see Flender in 5 years?


I believe that Flender is uniquely positioned to become the leading digital lender in Ireland and a major player across Europe.

Right now, the opportunities for digital business lenders are very exciting in Ireland. In the Euro area, digital and non-bank lenders control more than 50% of the market. In Ireland, less than 10% of SME lending is controlled by digital and non-bank lenders – and the market is worth almost €4billion. So, our goal is to take advantage of these opportunities, bring Ireland in line with the rest of the euro area, and lead the Irish market by offering innovative products, great rates and excellent service for our lenders and our borrowers.

** EVERY NEWCOMER GETS 5% CASHBACK ON INVESTMENTS DURING THE FIRST 30 DAYS. TRY NOW!

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