Volt app estimates over 150.000 users in 2022, an increase of 170%

Volt application is targeting over 150.000 users in 2022, 170% more than this year, after having reached over 40.000 unique accounts in the first 10 months.

In 2021 alone, about 16.500 users interacted with this app at least once.

About 37% of Volt users have a FICO score higher than 700, which means a low risk of default in the future and translates into loans that are cheaper and easier to get.

Average value of FICO in Romania is at 635 points, according to a study conducted by Volt.

The application started as an easy-to-access tool meant for those who want to transfer money between two cards, regardless of what the issuing bank is.

Customers with loans return to the app every month to monitor loan repayments and to make sure banks and non-bank financial institutions close their loans on time.

Volt users are constantly receiving information about their debt and they learn what they can do to improve their payment behavior in order to increase their credit score.

- Advertisment -

Latest

Romanian GSM accessories retailer Contakt eyes regional expansion

Romanian mobile accessories retailer Contakt projects revenues of RON 137.9 million in 2025, up from RON 130 million last...

Hagag Development adds new mixed-use project to its local portfolio

Real estate investor-developer Hagag Development Europe has recently signed a partnership agreement with Niro Investment Group for the acquisition...

Bonapp by Munch saved 500 tons of food in Romania since its launch

Since its launch in November 2021, Bonapp by Munch, a mobile app dedicated to reducing food waste, saved over...