1 INVITATION: BUSINESS SEMINAR DURING INSPIREME FESTIVAL ON 21ST SEPTEMBER AT WHITE ROCK CENTRE WWW.MONGOLIANBUSINESSDATABASE.COM PUBLISHED:2019/09/18      2 MMC’S COAL SALES INCREASE BY 20 PERCENT IN H1 WWW.ZGM.MN PUBLISHED:2019/09/18      3 RISING EXTERNAL DEBT PUTS PRESSURE TO RESTART GOM BOND TRADE WWW.ZGM.MN PUBLISHED:2019/09/18      4 PETRO MATAD EXPLORATION WELL IN MONGOLIA DISAPPOINTS WWW.YOUINVEST.CO.UK  PUBLISHED:2019/09/18      5 ERDENET MINING CORPORATION CARRYING OUT 5 MAJOR PROJECTS TILL 2030 WWW.MONTSAME.MN PUBLISHED:2019/09/18      6 441,900 TONS OF CEREALS TO BE HARVESTED IN 2019 WWW.ZGM.MN PUBLISHED:2019/09/18      7 MONGOLIA TO BEGIN PAYING FOREIGN DEBTS FROM 2021 WWW.NEWS.MN PUBLISHED:2019/09/18      8 MONGOLIA LEAVES BENCHMARK INTEREST RATE UNCHANGED – AGAIN WWW.NEWS.MN PUBLISHED:2019/09/18      9 CHINA-FUNDED OVERPASS IN MONGOLIA OPENS TO TRAFFIC WWW.XINHUANET.COM PUBLISHED:2019/09/17      10 IFC LOOKS TO OPPORTUNITIES IN MONGOLIA WWW.MONTSAME.MN PUBLISHED:2019/09/17      МОНГОЛ БАНК : БҮХ СЕКТОРЫН ТҮВШИНД САНХҮҮГИЙН НӨӨЦИЙГ ХУРИМТЛУУЛЖ, ЭРСДЭЛ ДААХ ЧАДВАРЫГ БЭХЖҮҮЛЭХ ШААРДЛАГА ӨНДӨР БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/09/18     “MONGOLIAN MINING CORPORATION”-ИЙН НҮҮРСНИЙ БОРЛУУЛАЛТ ОНЫ ЭХНИЙ ХАГАС ЖИЛД 20 ХУВИАР ӨСӨЖ, 2.5 САЯ ТОНН ХҮРЧЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/09/18     МОНГОЛ БАНК: УРСГАЛ ДАНСНЫ АЛДАГДАЛ ДУНДЖААС ДООГУУР ОРЛОГОТОЙ ОРНУУДЫНХААС ӨНДӨР БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/09/18     ОУВС-ААС МОНГОЛ УЛСАД ӨГСӨН ГОЛ ЗӨВЛӨМЖҮҮД WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/09/18     ИПОТЕКИЙН ХӨТӨЛБӨРТ ЭНЭ ОНД НИЙТ 430 ТЭРБУМ ТӨГРӨГ ОЛГОНО WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/09/18     775 САЯ ТӨГРӨГИЙН АЛТЫГ ХИЛ НЭВТРҮҮЛЭХИЙГ ЗАВДЖЭЭ WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/09/18     БОДЛОГЫН ХҮҮГ ХЭВЭЭР ХАДГАЛАХААР БОЛЛОО WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/09/18     ӨНГӨРСӨН ДӨРӨВДҮГЭЭР САРААС ЦАХИЛГААНЫ ҮНЭ 24 ТӨГРӨГӨӨР НЭМЭГДЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2019/09/18     "БҮС БА ЗАМ"-Д НЭГДСЭН ОРНУУД 6 ЖИЛИЙН ДАРААГААС ҮР ШИМИЙГ НЬ ХҮРТЭЖ БАЙНА WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/09/17     ИРГЭДЭД ДӨРВӨӨС ОЛОН ШУУДАЙ ТҮЛШ ОЛГОХГҮЙ БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2019/09/17    

LendMN taps into Korean market www.zgm.mn

LendMN NBFI JSC, a subsidiary of AND Global, is planning to issue a Depositary Receipt (DR) in the South Korean market. The commencement is in the process of research.

DR is a tool that allows foreign investors to buy shares in another country’s stock exchanges. In other words, it is a type of transferable financial security that is traded on a local stock exchange but represents a security, usually in the form of equity, that is issued by a foreign publicly listed company.

LendMN is the first Mongolian FinTech company that provides an opportunity for its users to obtain quick loans without collaterals using a mobile application powered by Artificial Intelligence-based credit scoring. The company currently disburses more than 2,500 loans per day.

Compared to the Q4 of 2018, the number of customers increased by 28 percent, the number of loans disbursed improved by 40 percent, the number of loans disbursed drew by 37 percent, and the amount of loan portfolio increased by 60 percent in the first quarter of 2019.

The company distributed 800 million shares in the domestic market. Shareholders own 600 million or 75 percent of the total shares, 200 million or 25 percent are owned by 4,000 small shareholders.

AND Global is an origin company of And Systems LLC and LendMN NBFI JSC, which is responsible for the Group’s investment, strategy, and management. And Global company has attracted USD 5 million from domestic and Asian investors, and the company’s market value has reached USD 30.4 million. Also, the LendMN model is about to be developed in the Philippines in Southeast Asia, Indonesia, and Japan.



Published Date:2019-08-21