CoinLoan Shows Rapid Profit Growth in November 2021
A crypto fintech startup CoinLoan published the result for November 2021, outlining a record growth across key metrics: users, assets, and profits. Profits from interest, loan origination, and exchange fees surpassed previous figures.
CoinLoan reports that extensive marketing activities, such as introducing CoinLoan debit cards and wholesale CLT packages, greatly influenced the observed growth. The partial loan repayment feature also played a key role.
Alex Faliushin, CEO, said,
“Our record November results capped off a remarkable year of growth, during which we set new performance and financial records in all of the services we provide despite continued uncertainty in the world due to the pandemic situation. The combination of developing and improving the product, our marketing activities, and unmatched customer loyalty drove our company to a new all-time high.”
Max Sapelov, co-founder and CTO, said,
“CoinLoan made significant progress in the research and development of the product. We also focused on delivering services effectively and improving the way we do business. We will use these performance goals to measure how well we provide service and preserve the clients’ trust in our product. Based on internal evaluations, I affirm that the performance data in this report is complete, reliable, and accurate.”
About CoinLoan
CoinLoan is a fintech startup aiming to make crypto management accessible to everyone. Founded in 2017, the company is based in Estonia and licensed with the Estonian Intelligence Unit. It is the leading company in the crypto management market and the only one offering crypto loans for fiat collateral.
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