Solva provides an online platform for microloans and digital card services, enabling small businesses and individuals to access flexible financing options without collateral. The app simplifies the loan application process and offers a rewards program, addressing the need for accessible financial solutions in Kazakhstan's underserved markets.
Funding
$20M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Small businesses and individuals in Kazakhstan often face challenges in accessing timely and flexible financing options due to stringent collateral requirements and complex application processes at traditional financial institutions. This limited access hinders their ability to address immediate financial needs and pursue growth opportunities.
Solution
Solva provides a mobile-first online lending platform that streamlines the process of obtaining microloans and digital card services for both individuals and small businesses in Kazakhstan. Through its mobile application, Solva offers a simplified loan application experience, enabling users to quickly apply for and manage microloans. The platform provides a range of financing products, including unsecured microloans, secured loans using automobiles as collateral, and credit lines tailored to different business needs. Solva also offers a digital card with a rewards program, providing users with additional financial benefits and incentives.
Target Audience
Solva primarily targets individuals, sole proprietors (IPs), self-employed individuals, and small business owners in Kazakhstan seeking accessible and convenient microfinancing solutions.
Features
- Mobile application for loan application, management, and repayment
- Unsecured microloans for individuals up to 4,000,000₸ with terms up to 36 months
- Microloans for small businesses up to 6,000,000₸ without collateral, with terms from 3 to 36 months
- Secured microloans for businesses using automobiles as collateral, up to 20,000,000₸
- Digital card with a rewards program offering 10% bonuses on purchases
- Online loan calculator for estimating monthly payments
- Customer support via phone, WhatsApp, and email
- Integration with face recognition or fingerprint authentication for secure access