Kredaqro

What Kredaqro does

KredAqro BOKT MMC is a non-bank credit organization (Bank Olmayan Kredit Təşkilatı, BOKT) headquartered in Baku, Azerbaijan, founded in 2000 and regulated by the Central Bank of Azerbaijan under License 119-GB issued December 16, 2022. It serves Azerbaijani citizens aged 18-70 with consumer and small-business credit through a hybrid mobile-first and 12-branch physical distribution model. The company has operated for approximately 25 years and has held a top-3 position among Azerbaijani BOKTs at various periods based on branch network, assets, and credit portfolio size.

The product portfolio comprises five core credit products: Onlayn Kredit (online micro-credit of 25-3,000 AZN at 78% APR with a 14-day interest-free grace period), Tezkredit (consumer credit up to 2,000 AZN from 48% APR), Ekspress Kredit (express credit up to 20,000 AZN from 24% APR with guarantor), Lizinq Krediti (leasing for vehicles and equipment up to 100,000 AZN from 26% APR), and Təminatlı Kredit (secured consumer credit up to 100,000 AZN from 22% APR). Customers apply through the proprietary KredAqro iOS/Android mobile application, which integrates SIMA — Azerbaijan's government-backed e-identity and e-signature platform — for remote identity verification. Approval decisions are issued within minutes and approved funds are disbursed directly to the borrower's bank card. Supporting tools include an online credit calculator, in-app personal account, and repayment channels spanning PASHA Bank, Kapital Bank, AccessBank, ABB Bank, Xalq Bank, MilliOn, eManat, M10, and Million.az.

Revenue is generated entirely from transaction-based streams: interest income (78% on micro-credit, 22-48% on other products), commissions of 1-10% deducted from disbursed amounts, and late-payment penalties (5% on day one of overdue principal, 0.1% per subsequent day). The go-to-market is product-led growth via mobile app distribution and direct-to-consumer acquisition through social media (Instagram, Facebook, TikTok, Telegram) — without reliance on bank branch visits for micro-credit products. The business has historically been funded from internal sources, supplemented by 1 million AZN bond issuances in 2022 and 2023 placed through AzFinans Investment Company to expand the active credit portfolio.

Name

Kredaqro

Legal name

KredAqro BOKT MMC

Website

https://kredaqro.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

101–250 employees

Short description

KredAqro BOKT MMC is an Azerbaijan non-bank credit organization licensed by the Central Bank, providing consumer and small-business credit products via a mobile-first platform with SIMA authentication and 12 physical offices.

Ownership category

akta.pro rank

Product category

Consumer Lending

NAICS

Consumer Lending (522291), Nondepository Credit Intermediation (5222)

SIC

Personal Credit Institutions (6141)

akta.pro industry

PRIMARYFSAKAHAK

P2P Credit Lines / Revolving Marketplace Lending

Financial & Insurance/Lending & Consumer Finance/Peer-to-Peer (P2P) & Marketplace Lending

Keywords

• Consumer lending
• Microcredit services
• Non-bank credit
• Mobile lending platform
• Consumer leasing

Headquarters

HQ city

Baku

HQ country

Azerbaijan

HQ region

Asia

Offices9 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income: Primary revenue from annual interest charges on micro-credits (78% annual rate), express credits (from 24%), fast credits (from 48%), secured consumer credits (from 22%), and leasing (from 26%). Interest is calculated and collected according to credit terms and repayment schedules.
2. Commission Fees: Commission charged on disbursed credits: 7.41%-10% for micro-credits, 3% for express credits and leasing, 5% for fast credits, and 1% for secured consumer credits. Commission is deducted from the disbursed amount.
3. Late Payment Penalties: Penalty fees for late payments: 5% of the outstanding principal on the first day of delay, and 0.1% for each subsequent day. These fees apply to overdue amounts only.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Kredaqro is a non-bank credit organization (BOKT) that extends micro-credit, consumer credit, business-purpose credit, leasing, and secured consumer credit to individuals and small businesses across Azerbaijan. Its primary distribution channel is a proprietary mobile application with SIMA-based digital identity verification, enabling remote credit application, approval, and card-based fund disbursement within minutes. Credit products are also originated through 12 physical offices for offerings that require guarantors or collateral.

Product overview

Kredaqro is a Bank Olmayan Kredit Təşkilatı (BOKT — Non-Bank Credit Organization) founded in 2000 and licensed by the Azerbaijan Central Bank. It offers a portfolio of credit products centered around the KredAqro Mobile Application as the primary service delivery channel. The core products include Onlayn Kredit (quick online micro-credit from 25 to 3,000 AZN), Tezkredit (consumer credit up to 2,000 AZN), Ekspress Kredit (business and personal credit up to 20,000 AZN), Lizinq Krediti (leasing for vehicles and equipment up to 100,000 AZN), and Təminatlı Kredit (secured consumer credit up to 100,000 AZN). Supporting tools include the Kredit Kalkulyatoru (online loan calculator) and Şəxsi Kabinet (in-app customer portal) for account management and payments. The company also provides payment integration with multiple partner banks and terminals for loan repayment.

Differentiator

Problem solved

Functional benefit

Products and services

• Onlayn Kredit (Online Micro-Credit)

Quantifiable outcome

• Credit disbursed to bank card within minutes of approval
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature3 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Kapital BankcoreChannel Partner/ Reseller/ Distributor · 1 January 2023Strategic banking partner for loan repayment services. Customers can make credit payments through Kapital Bank's branch network, ATMs, and mobile application. Also served as counterparty in successful financial collaboration established in 2023.
• PASHA BankcoreChannel Partner/ Reseller/ Distributor · 1 January 2023Strategic banking partner for loan repayment services. Customers can make credit payments through PASHA Bank's branch network, ATMs, and mobile application. Also served as counterparty in successful financial collaboration established in 2023.
• MilliOnminorChannel Partner/ Reseller/ DistributorPayment service partner enabling customers to make loan repayments through MilliOn terminal network across Azerbaijan.
• eManatminorChannel Partner/ Reseller/ DistributorPayment service partner enabling customers to make loan repayments through eManat terminal network across Azerbaijan.
• M10minorChannel Partner/ Reseller/ DistributorMobile payment application partner enabling customers to make loan repayments through M10 app.
• Million.azminorChannel Partner/ Reseller/ DistributorOnline payment gateway partner enabling website-based loan repayment at www.million.az/services/bank/KredAqro2/
• AccessBankminorChannel Partner/ Reseller/ DistributorBanking partner enabling loan repayment through AccessBank's branch network and mobile application.
• ABB BankminorChannel Partner/ Reseller/ DistributorBanking partner enabling loan repayment through ABB Bank's branch network and mobile application.
• Xalq BankminorChannel Partner/ Reseller/ DistributorBanking partner enabling loan repayment through Xalq Bank's branch network and mobile application.

Scale indicators4 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Opportunity International: Global microfinance organization providing consumer and small business credit in emerging markets. Comparable to KredAqro in micro-credit and consumer lending focus, regulatory non-bank credit organization structure, and presence in developing/frontier markets.
• Branch International: Mobile-first lending platform providing consumer credit to underserved borrowers in emerging markets via smartphone apps. Comparable to KredAqro in delivery model (mobile-only), target customer (underbanked consumers), and product structure (small-ticket, short-term consumer credit).
• World Finance: US consumer finance company offering installment loans and tax services to underbanked consumers via branch and digital channels. Comparable to KredAqro in serving credit-underserved consumers with installment products, branch network plus digital offering, and high-touch local underwriting.
• Tala: Mobile lending app offering instant consumer credit in emerging markets using alternative data underwriting. Directly comparable to KredAqro in mobile-first GTM, consumer micro-credit focus, and use of digital identity verification for remote onboarding.
• FINCA Microfinance: Global microfinance institution providing consumer and small business credit across developing markets including the CIS region. Comparable to KredAqro in micro-credit product offering, consumer/SME target segments, and regulated non-bank credit organization structure.

Broad incumbents

• LendingClub: US-based online consumer lending platform offering personal loans and revolving credit via a digital platform. Comparable as a broader incumbent in digital consumer credit with overlapping capabilities in mobile application, instant decisioning, and direct-to-consumer distribution.
• SoFi: US consumer finance platform offering personal loans, credit, and banking products via mobile-first channels. Comparable as a broad incumbent with overlapping consumer credit products and a mobile-first delivery model, though operating at materially larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xtiktok.com/@kredaqro.com
• Facebookfacebook.com/Kredaqro.bokt
• Instagraminstagram.com/kredaqro.official
• LinkedInlinkedin.com/company/kredaqro-bokt

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kredaqro