SNAPCORE Inc.

What SNAPCORE Inc. does

SNAPCORE Inc. (legal entity SNAPCORE a.s., also trading as EuroAsia Capital Group) was a privately held Czech holding company founded in 2015 and headquartered at Palác Euro, Václavské náměstí, Prague, with a secondary office in Singapore. The group consolidated sister companies that had operated in Eastern European financial markets and functioned primarily as the sponsor of the r2p invest SICAV qualified investor fund, established in July 2018 and administered by AVANT investiční společnost, a.s. under Czech National Bank supervision. Through wholly owned subsidiaries — including R2P INVEST PTE. LTD. (Singapore) for NPL sourcing, MBA Consult for multi-country debt collection, Ta Meri Group for automotive reverse-leasing in Cyprus, and historically Russian operations (subsequently divested in 2022) — the group acquired non-performing loan portfolios from banks and fintech lenders at deep discounts (3-15% of nominal value) across 12+ countries spanning Central Europe, Southeast Asia, South Asia, Central Asia, East Asia, North America, Latin America, and the Middle East.

The revenue model is fund-centric: qualified investors subscribe to priority (PIA), dividend (DIA), or performance (VIA) investment shares with a 1 million CZK minimum, receiving targeted yields of 7.4-10% p.a. (CZK) or 6.4-9% p.a. (EUR), with performance shares having delivered 31.2% for the January 2021 to March 2022 period. The operating company earns from management and administration fees on the fund, plus collection-related income from its debt recovery subsidiaries. By early 2023, the group managed 69 debt portfolios covering approximately 487 million EUR of claims across more than 1 million individual cases. Notable portfolio sellers include Slovenská sporiteľňa, Home Credit Indonesia, Julo, Moola Lending Corporation, Danabijak, and Uploan. On April 1, 2024, SNAPCORE a.s. merged into SNP INVEST, investiční fond, a.s., with SNAPCORE a.s. dissolved and all rights and liabilities transferred to the successor entity.

Name

SNAPCORE Inc.

Legal name

SNAPCORE a.s.

Website

https://snapcore.cz

Company type

Private

Founded year

2015

Operating status

Closed

Headcount range

11–50 employees

Short description

SNAPCORE Inc. (SNAPCORE a.s.) was a Czech holding company that sponsored the r2p invest SICAV qualified investor fund, purchasing non-performing loan portfolios across 12+ countries; the entity merged into SNP INVEST in April 2024.

Ownership category

akta.pro rank

Headquarters

HQ city

Prague

HQ country

Czechia

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Debt Portfolio Investment Returns: Investors purchase shares in the r2p invest SICAV qualified investor fund. The fund acquires non-performing loan portfolios at discounted prices (3-8% of nominal value in Asia, up to 15% in Europe) and collects debts through specialized subsidiaries. Returns are distributed to investors as dividends or priority investment shares with 7.4-10% p.a. yields.
2. Management Fees from Portfolio Administration: Subsidiary companies manage debt portfolios on behalf of the fund, earning fees from collection activities and portfolio administration services
3. Automotive Financing (Ta Meri Finance): Reverse leasing of vehicles on Cyprus, particularly luxury vehicles, generating financing income and interest spread

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

SNAPCORE operates a regulated qualified investor fund (r2p invest SICAV) that purchases non-performing loan (NPL) portfolios from banks and financial institutions at discounted rates (3-15% of nominal value) across 12+ countries, then recovers the debts through its own specialized subsidiaries. The group also provides luxury vehicle reverse-leasing financing through Ta Meri Finance in Cyprus. Revenue is generated from investment returns on fund shares, debt-collection administration fees, and automotive financing spreads.

Product overview

SNAPCORE Inc. operates as a financial investment holding group with its core offering being the r2p invest SICAV qualified investor fund. The fund specializes in purchasing and managing non-performing loan (NPL) portfolios from banks and financial institutions across Europe, Southeast Asia, and South America. Through its subsidiaries, the group provides debt collection and recovery services, with operations spanning multiple countries including Czech Republic, Singapore, Serbia, Mexico, USA, Indonesia, Philippines, Kazakhstan, and others. The holding structure coordinates subsidiaries including r2p Singapore, Ta Meri Group, MBA Consult, and various regional debt collection operations.

Differentiator

Problem solved

Functional benefit

Products and services

• r2p invest SICAV Qualified Investor Fund Regulated Czech qualified-investor fund that purchases non-performing loan (NPL) portfolios from banks and financial institutions at discounted rates (3-15% of nominal value) across Europe, Southeast Asia, and the Americas, then recovers debts through specialized subsidiaries. Offers PIA (Priority Investment Shares, 7.4-10% p.a. yield, 3-year tax-exempt), DIA (Dividend Investment Shares, quarterly dividends), and VIA (Performance Investment Shares, 31.2% return achieved 2021-2022) classes denominated in CZK or EUR. Minimum investment: 1 million CZK.
• Ta Meri Finance (Luxury Vehicle Reverse Leasing in Cyprus)

Quantifiable outcome

• Portfolio returns exceeding 40% for performance investment shares
• +3 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered minor and core.

• Maserati Cyprus (F.L.C. Modena Automobile LTD)minorChannel Partner/ Reseller/ Distributor · 2 March 2021Official Maserati importer in Cyprus. Ta Meri Finance operates as Maserati Finance CY, the exclusive financing partner for Maserati vehicles in Cyprus. Benefits include brand co-marketing and exclusive positioning in luxury automotive financing segment.
• Ta Meri GroupcoreStrategic or Co-development Partner · 14 October 2020Acquired by r2p invest SICAV in September 2020. Czech Ta Meri Group operates in automotive financial products, offering reverse leasing of vehicles through its Cyprus subsidiary Ta Meri Finance Private LTD, particularly in luxury vehicle segment. Portfolio grew to 570+ vehicles by July 2022 with 118% year-over-year growth.
• r2p INVEST PTE. LTD. (Singapore)coreStrategic or Co-development Partner · 14 October 2020Singapore-based subsidiary acquired by r2p invest SICAV in September 2020. Manages debt portfolio acquisitions across Asia, Europe, and Americas. Has assets under management of 108 million EUR. Handles sourcing and analysis of non-performing loan portfolios from banks and fintech companies.
• M.B.A. Finance RussiaminorStrategic or Co-development Partner · 14 October 2020Russian subsidiary of MBA Finance, acquired as part of r2p invest SICAV expansion. Has operated in Russian market for 11 years managing 3 million unique cases totaling 175 billion Russian rubles (~52 billion CZK). Worked with major state banks in Russia. Sold off along with other Russian entities in 2022 due to geopolitical situation.
• M.B.A. Consulting (MBA Group)coreStrategic or Co-development Partner · 14 October 2020Multi-country debt collection and management company operating in 10+ countries including USA, Mexico, Slovakia, Czech Republic, Kazakhstan, Russia, India, Indonesia, China, and Philippines. Acquired assets worth 180 million CZK into the fund. Provides collection services for acquired portfolios with AI-powered call center operations.
• AVANT investiční společnost, a.s.coreImplementation/ SI/ Consulting Partner · 1 July 2018AVANT serves as the administrator and manager of the r2p invest SICAV qualified investor fund. They handle regulatory compliance, fund administration, depositary services, and auditor requirements per Czech National Bank regulations. SNAPCORE founded the fund in July 2018 and AVANT continues as administrator post-merger.
• Slovenská spořitelnaminorOthersSlovakia's largest commercial bank, sold multiple debt portfolios to r2p Singapore totaling over 18 million EUR in value. Ongoing relationship as portfolio source.
• Home Credit IndonesiaminorOthersMajor non-bank financial institution, one of the largest debt portfolio sales from Indonesia. Second portfolio purchase from this company represents largest Indonesian acquisition.

Scale indicators9 records

Recent moves10 records

Expansion highlights6 records

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights1 record

Customer concentration

• LinkedInlinkedin.com/company/snapcoreas

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

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

M&A

Investments2 records

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

Frequently asked questions about SNAPCORE Inc.