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.