GLOBAL CREDIT
Global Credit UCO CJSC is a Yerevan-based Armenian Universal Credit Organization (founded 2009) offering digital-first consumer, SME, mortgage, agricultural, and leasing loans to individuals, entrepreneurs, and farmers across Armenia via its Cashme app, online portal, and wallet/bank partnerships.
- Company typePrivate
- Founded2009
- HeadquartersYerevan, Armenia
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What GLOBAL CREDIT does
Global Credit UCO CJSC is a Yerevan-based Universal Credit Organization founded in 2009 that provides consumer, SME, mortgage, and agricultural lending to retail and business customers across Armenia. As of FY 2024, the company reported 51-100 employees, AMD 1 billion in profit, 28% asset growth, and 22% loan-portfolio growth, with 99% of credit services delivered online. Its product set spans Cashme consumer loans, wallet-based microloans distributed through Idram, Telcell, Easypay, UPay, and FastShift; MAS-MAS (PayLater) installment financing; secured and unsecured business loans plus the Pay4me revolving credit line; mortgage products including a partnership with Skyline (Renshin Investment) and a Home Renovation Loan; and agricultural loans, machinery leasing, and agro-food sector leasing via government-subsidized programs.
The technology stack is a digital-first lending platform comprising the Cashme GC mobile application, the application.globalcredit.am online application portal, a fully digitized mortgage origination system (the first online secondary-market mortgage process in Armenia), and an internal proprietary credit scoring system enabling rapid underwriting. The company is pursuing ISO/IEC 27001 ISMS certification and has signed partnerships with 8+ Armenian banks for disbursement/repayment and with 4 insurance carriers for intermediation on mortgage and auto loans.
The business model is interest-and-fee based: nominal annual rates of 13-24% on AMD and USD business loans (effective 22-32%), 24% nominal on Pay4me revolving lines, and a 1% monthly loan service fee on declining balance, supplemented by insurance intermediation commissions and wallet-channel transaction fees. Go-to-market is direct-to-consumer / product-led-growth via mobile app and online portal, augmented by channel partnerships with wallets, banks, retail stores, and developers. Customer segments are hybrid: individual consumers (primary), SMEs, mortgage borrowers, and agricultural-sector clients. Leadership transitioned to CEO Tigran Petrosyan in 2025, who has publicly committed to AI-enabled digital lending as the next strategic priority.
GLOBAL CREDIT firmographics
Firmographics- Name
- GLOBAL CREDIT
- Legal name
- Global Credit UCO CJSC (ԳԼՈԲԱԼ ԿՐԵԴԻՏ ՈՒՎԿ ՓԲԸ)
- Website
- https://globalcredit.am
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Global Credit UCO CJSC is a Yerevan-based Armenian Universal Credit Organization (founded 2009) offering digital-first consumer, SME, mortgage, agricultural, and leasing loans to individuals, entrepreneurs, and farmers across Armenia via its Cashme app, online portal, and wallet/bank partnerships.
- Ownership category
- akta.pro rank
GLOBAL CREDIT industry classification
Industry- Product category
- Consumer Lending
- NAICS
- Credit Intermediation and Related Activities (522), Sales Financing (52222)
- SIC
- Personal Credit Institutions (6141), Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Specialty Finance / Structured Credit (FSANADAE)
- akta.pro secondary industry
- Asset-Based Lending (ABL) (FSANADAD)
Keywords
Where GLOBAL CREDIT is headquartered
LocationHeadquarters
- HQ city
- Yerevan
- HQ country
- Armenia
- HQ region
- Asia
Offices1 record
Markets served
GLOBAL CREDIT business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Consumer Loan Interest Income: Interest income from consumer loans including Cashme, car loans, wallet loans, and installment purchases. Loans provided in AMD and foreign currency with interest calculated on residual loan amount.
- Business Loan Interest Income: Interest income from business loans including express loans, extra business loans, Pay4me revolving credit lines, and guaranteed business loans.
- Mortgage and Agricultural Loan Interest: Interest income from mortgage loans, renovation loans, agricultural development program loans, and agri-food sector leasing.
- Insurance Intermediation: Commission income from insurance services as insurance agent for mortgage and car loans, including accident insurance and property insurance through partner companies.
- Loan Service Fees: Monthly loan service fees charged on declining balance (typically 1% monthly), loan transfer fees, and other administrative charges as per company tariffs.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Monthly | Pay4me Revolving Credit Line - 100,000 to 1,000,000 AMD |
| Transaction based/ take rate | Monthly | Express Business Loans with Pledge - 1,000,000 to 20,000,000 AMD |
| Transaction based/ take rate | Monthly | Renovation Loan - 500,000 to 10,000,000 AMD |
| Transaction based/ take rate | Monthly | Business Loans without Pledge - 300,000 to 5,000,000 AMD |
| Transaction based/ take rate | Monthly | Consumer Loan Example - 1,000,000 AMD over 12 months |
| Unit Pricing | Annual | Insurance Premiums |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels6 records
GLOBAL CREDIT product offering
Product offeringCore offering
Global Credit UCO CJSC is an Armenian Universal Credit Organization that originates and services consumer loans, business loans, mortgage loans, and agricultural loans through a digital-first platform. Its Cashme mobile application and online application portal enable 99% of credit services to be delivered online, including instant wallet-based loans, installment (MAS-MAS) financing, and digitized mortgage lending. The company also acts as an insurance agent for accident and property insurance tied to its mortgage and car loans.
Product overview
Global Credit is a Universal Credit Organization (UCO) providing a comprehensive digital-first lending platform with multiple product categories. The core offering includes Consumer Loans (Cashme app, Wallet Loans via Idram/Telcell/Easypay/UPay/FastShift, MAS-MAS PayLater installment payments), Business Loans (with and without pledge, Pay4me revolving credit, Extra Business loans, Guarantee products), Mortgage Loans (including Global Credit x Skyline partnership and Home Renovation loans), and Agricultural Loans (development programs, machinery leasing, agro-food sector leasing). The company operates as a fintech organization with 90%+ of services available online through its mobile application and web platform. Digital tools include loan calculators and online application management.
Differentiator
Problem solved
Functional benefit
Brands
- CashMe: Online lending platform and mobile application for consumer loans with features including loan applications, payment tracking, and credit history monitoring
- Cashme GC
- Global Credit x Skyline
- MAS-MAS (ՄԱՍ-ՄԱՍ)
- Wallet loans
Products and services
- Cashme Consumer Loan
- Wallet Loans (Idram, Telcell, EasyPay, UPay, FastShift)
- MAS-MAS (PayLater)
- General Consumer Loans
- Car Loans
- Business Loans with Pledge (Express Business Loans)
- Business Loans without Pledge
- Pay4me Revolving Credit Line
- Extra Business Loan
- Guarantee Product
- Mortgage Loans Home purchase and financing loans for individual and family borrowers in Armenia, including partnerships with refinancing organizations and government-subsidized programs.
- Home Renovation Loan
- Global Credit x Skyline Mortgage
- Agricultural Development Program Loans (Unsecured)
- Agricultural Loans with Pledge
- Agricultural Loan (AMD/USD)
- Agro-Food Sector Leasing
- Leasing of Agricultural Machinery Financing for acquisition of agricultural equipment and machinery through leasing arrangements, available to farmers and agribusinesses in Armenia.
- Insurance Intermediation Services
Quantifiable outcome
- 28% asset growth and 22% loan portfolio growth in FY 2024
- +4 more outcomes
Companies that use GLOBAL CREDIT
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
GLOBAL CREDIT technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration18 records
AI capability1 record
Feature3 records
GLOBAL CREDIT partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- Skyline (Renshin Investment Company)coreNew project within Skyline urban development initiative. Global Credit provides financing for apartment purchases through developed digital platform. CEO Tigran Petrosyan noted: 'The innovative approaches that Skyline offers are fully consistent with the modern solutions we use as a financial organization.'
- World Vision ArmeniaminorProvided school bags and supplies to 100 children living in difficult conditions in border communities, helping them prepare for September 1st.
- APAGA Foundation - Education to Work ProgramminorThird consecutive year of partnership. Program supports high-achieving students with up to 80% tuition reimbursement and five-month internships. Participants receive 44 hours of intensive education conducted by top managers of partner organizations.
- Telcell WalletcoreStrategic integration enabling 24/7 instant loans of 6,000-100,000 AMD through Telcell Wallet app. Loans processed in seconds without credit history check initially. Hayk Kocharov, Global Credit Retail Business Development Director, stated: 'We aim to become the customer's financial friend, to be available in any situation.'
- Idram, EasyPay, Upay, FastShiftcoreWallet-based lending partnerships enabling customers to receive and repay loans through various e-wallet platforms.
- INGO ARMENIA, ARMENIA INSURANCE, NAIRI INSURANCE, SIL INSURANCEcoreInsurance partners for mandatory accident and property insurance for mortgage and car loans. Global Credit acts as insurance agent at organization office, providing insurance policies through partner companies.
- AraratBank, ArmSwissBank, HayEcoBank, HayBusinessBank, ArtsakhinvBestBank, ConverseBank, AmeriaBank, EvocaBankcoreBank partnerships for money transfers allowing customers to repay loans through various bank transfer options in the personal account section.
- National Mortgage Company, Housing for Young Families, German-Armenian FundminorContinued active cooperation with refinancing organizations and government programs for mortgage lending and subsidized loan programs.
Scale indicators8 records
Recent moves6 records
Expansion highlights7 records
GLOBAL CREDIT competitors and assessment
Company assessmentBroad incumbents
- Ardshinbank: Major Armenian commercial bank providing consumer loans, mortgages, SME financing, and digital banking services. Competes head-to-head with Global Credit across lending verticals and is also a Global Credit bank transfer partner, indicating overlapping customer acquisition channels.
- Ameriabank: One of Armenia's largest universal banks offering consumer, mortgage, SME, and agricultural lending, with deposit funding and full digital channels. Directly overlaps with Global Credit's product set, but operates at much larger scale as a licensed bank rather than a non-bank UCO.
- ACBA Bank: Armenian commercial bank (affiliated with Credit Agricole) with a strong agricultural and SME lending franchise. Closely comparable to Global Credit's agri-loan and SME product set, with deeper deposit-based funding.
- Converse Bank: Armenian universal bank offering consumer, mortgage, and business loans with online application channels. Direct overlap with Global Credit's digital-first lending model in the same Armenian market.
Others
- Idram: Major Armenian e-wallet and digital payments app, integrated with Global Credit for wallet-based lending. Functions as a distribution channel and ecosystem enabler rather than a direct lender.
- Telcell: Leading Armenian e-wallet and payment platform that is a Global Credit distribution partner for 24/7 wallet-based consumer loans. Comparable as an enabler of digital credit distribution in Armenia, not a direct lending competitor.
- Skyline / Renshin Investment Company: Armenian real estate development company partnering with Global Credit on mortgage financing for new-build apartments. Comparable as a co-developer partner in the primary mortgage segment where Global Credit is expanding from secondary to primary.
- National Mortgage Company (Armenia): Armenian state-affiliated refinancing organization for mortgage lending and a partner of Global Credit in government-subsidized housing programs. Comparable in mortgage product focus and a key counterparty for the secondary mortgage market where Global Credit is a digital pioneer.
Direct peers
- FINCA Armenia: Microfinance organization in Armenia providing consumer, agricultural, and small business loans to underbanked segments. Closely comparable to Global Credit's non-bank, unsecured consumer and agri-lending model targeting similar customer profiles.
- Evocabank: Armenian bank offering retail and SME lending products with digital channels, and a Global Credit bank transfer partner. Overlaps with Global Credit's consumer and small business loan portfolio.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
GLOBAL CREDIT social profiles
Digital presenceGLOBAL CREDIT compliance and trust
Trust signalCompliance1 record
GLOBAL CREDIT financial estimates
Financial estimateRevenue estimate
Valuation estimate
GLOBAL CREDIT leadership team
Management profileNumber of profiles
Profiles5 records
GLOBAL CREDIT funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
GLOBAL CREDIT M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about GLOBAL CREDIT
What does GLOBAL CREDIT do?
Global Credit UCO CJSC is an Armenian Universal Credit Organization that originates and services consumer loans, business loans, mortgage loans, and agricultural loans through a digital-first platform. Its Cashme mobile application and online application portal enable 99% of credit services to be delivered online, including instant wallet-based loans, installment (MAS-MAS) financing, and digitized mortgage lending. The company also acts as an insurance agent for accident and property insurance tied to its mortgage and car loans.
Is GLOBAL CREDIT a public or private company?
GLOBAL CREDIT is a private company. It is classified as unknown and is currently operating.
When was GLOBAL CREDIT founded?
GLOBAL CREDIT was founded in 2009. It employs 11 to 50 people.
Where is GLOBAL CREDIT based?
GLOBAL CREDIT is headquartered in Yerevan, Armenia, in the Asia region.
How does GLOBAL CREDIT make money?
Five revenue lines are on record. Consumer Loan Interest Income is the primary driver. The others are business Loan Interest Income, mortgage and Agricultural Loan Interest, insurance Intermediation and loan Service Fees.
Who are GLOBAL CREDIT's main competitors?
Broad incumbents on record are Ardshinbank, Ameriabank, ACBA Bank and Converse Bank. Others are Idram, Telcell, Skyline / Renshin Investment Company and National Mortgage Company (Armenia). Direct peers are FINCA Armenia and Evocabank.
Does GLOBAL CREDIT have an API?
No public API is recorded for GLOBAL CREDIT.
What industry is GLOBAL CREDIT in?
GLOBAL CREDIT's product category is Consumer Lending. Its primary akta.pro industry code is FSANADAE, Specialty Finance / Structured Credit, with a secondary code of FSANADAD, Asset-Based Lending (ABL). Its NAICS code is 522 and its SIC code is 6141.