How Simpleros scaled consumer lending in Spain with inGain, growing to over 400,000 registered users with a 23.4% overall approval rate.
Simpleros, a consumer lending fintech
Spain
2020
scale without taking on and training a large number of additional employees
over 400,000 registered users and an overall approval rate of 23.4%
The inGain lending operations system enabled Simpleros to launch a new consumer loan product in Spain in 2020. The level of automation in the solution has allowed the company to scale without taking on additional employees. Simpleros offers consumers speed and convenience compared with traditional lending, and inGain’s technology has helped the local Spanish company move towards a global outlook.
Our goal was to scale our company without taking on and training a massive amount of additional employees. We customised the inGain system to help us reach a level of automation where we could achieve this goal.”
— Santa Lemša, Founder & CEO, Simpleros
Simpleros wanted to grow without the cost of hiring and training a large team. To do that, it required:
The inGain lending operation sped up the lending process by streamlining:
Decision-making, risk-based offers, loan approval and agreement signing are all automated. This eliminates human error and the extra labour that would otherwise be needed to keep processes quick, precise and convenient.
What makes a consumer lending company stand out in a crowded market is process execution. We pride ourselves in providing an LMS that can adapt to the specific nuances in the processes for each individual business. Simpleros has made the most of this LMS customisation, and it shows in their steadily growing business.”
— Oskars Baltais, CEO, inGain
Simpleros has scaled its operations in Spain with a highly automated lending process. Today it has:
Simpleros has successfully scaled its operations in Spain, reaching a registered user base of over 400,000 with an overall approval rate of 23.4%”
— Santa Lemša, Founder & CEO, Simpleros
Because the inGain system can be adapted to the needs and legislation of new markets, Simpleros can test new markets with less money, time and resources.
Simpleros is an international company with a local focus, offering easy-to-use, automated financial services. It needs only a few minutes to analyse a loan applicant’s data, decide whether to grant the loan and issue the requested amount. Simpleros provides alternative financing for unexpected contingencies or larger planned expenses.
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