LFTech
Founded in 2012, LF Tech is one of Kazakhstan's leading short-term and auto lenders, offering payday (PDL) and car loans through both a fully digital online app with minute-level approvals and a nationwide network of 200+ physical sales offices, backed by FY2021 net income of $10M (21% margin, 23% ROA) and a $40M loan portfolio with conservative 75% LTV on car-loan collateral.
Kilde Score is the platform’s proprietary credit assessment of the borrower, reflecting Kilde’s independent credit view and expressed as a numeric score from worst to best (1.00–5.75). For full details of the credit methodology, including its mapping to a Fitch-style rating equivalent, please refer to this article.
Total value of bonds this borrower has listed on Kilde for investors to fund.
Kazakhstan
Regulatory status of the borrower: Licensed if the license is required, or 'Not applicable' if no licence is required in its operating market(s).
Total amount of loans the borrower has issued to its own end customers. Reflects the company's overall lending scale.
Outstanding balance of the borrower’s loan portfolio, net of impairment provisions.
Overview
Background & History
Founded in 2012 in Almaty, Kazakhstan, LF Tech LLP is one of Kazakhstan's leading short-term consumer and auto lenders, licensed as a Microfinance Organization by the country's financial regulator (ARDFM). The business combines a nationwide network of 200+ physical sales offices with a fully digital online channel, employing c.700 staff.
Business Model & Lines of Business
LF Tech runs two core products via its mobile app and branch network: Payday Loans (PDL) — short-tenor, non-collateralized consumer loans approved online in minutes — and Car Loans, secured by vehicle pledge at a conservative 75% LTV, both supported by an in-house scoring engine and an experienced tech team. Funding is largely equity-based, with minimal external debt and FX exposure.
Key Milestones
FY2021 revenue reached USD 47.7M with USD 10M net income (21% net margin, 23% ROA); net loan portfolio of USD 40.4M (FY2021) / USD 37.4M (1H 2022); equity grew from USD 15M to USD 19.8M. External debt sits at just 2% of assets and FX exposure at 2% of liabilities. Cumulative disbursement since inception exceeds USD 100M.
Organization
Headquartered in Almaty, LF Tech is privately held, operates as an LLP, and is supported by an in-house IT, risk and scoring team backing both online and offline origination.
Financials
Outstanding balance of the borrower’s loan portfolio, net of impairment provisions.
Total income (interest and fee income) generated from the borrower’s lending activities.
Products
Typical contractual tenor of the loans disbursed by the borrower to its end customers.
The effective Annual Percentage Rate of the loan charged by the borrower to its end customers, inclusive of interest and fees.
Typical principal amount disbursed by the borrower to its end customers per loan transaction.
Expected share of non-performing loans (NPL) — loans where the end customer has stopped repaying — under this product, shown as a range.
Share of this product in the borrower's overall loan portfolio. Shows how much of the lending business comes from this product.