“With farmers who use wheat and oats for baking bread, we take this as collateral. Wheat is actually great collateral as it doesn’t require any know-how to evaluate it - you simply use the market price to do it.”
Nikita Goncars is the CEO and co-founder of LendSecured. With a degree in finance and over 10 years of experience in the real estate and the lending business, he and his co-founder, Edgars Tālums, first established a lending company funded by local banks and capitals from high-net-worth individuals. With this being a success, their next step was a business idea that would allow them to enter a new market and make it possible for an even wider range of investors to invest in loans. Thus, with great enthusiasm, hard work and dedication, LendSecured was born – a platform created by industry experts providing collateral-backed investment opportunities.
But their achievements do not stop there! After noticing that many European farmers are seeking liquidity boosts but do not have access to affordable loans, LendSecured decided to fill this market gap and recently launched a new financing service for the agricultural sector. We congratulate them for providing an economic lifeline to farmers while creating a great impact on society!
Tune in to this episode to explore the crowdlending landscape in Latvia, how secured digital loans work in practice for the agricultural industry and the perks of this asset class from the investors perspective. Along with many other valuable insights!