Conotoxia Introduces Lending Service for Users

Conotoxia, a multi-currency financial services provider, announced today that its customers are now allowed to take out a multi-currency loan through Conotoxia’s platform. Users are required to launch an application and receive a positive credit decision.

According to an official announcement by the company, the application process of the newly launched service is fairly simple with minimum requirements. The loan service allows Conotoxia's users to select the amount they require.

In 2019, the company launched a limited version of the loan service for the employees of Conotoxia Holding, but it promised that the fintech company will introduce a broader version of the loan service in the next stage.

Commenting on the recent announcement, Piotr Kicinski, Vice-President of Cinkciarz.pl, a company belonging to Conotoxia Holding, said: “Today, we keep the promise we made. Users of our portal can now apply for a loan, which is characterized by a minimum of formalities and prompt execution.”

Additionally, Conotoxia outlined the importance of receiving a positive credit decision during the application process. The company introduced new services earlier this year to take advantage of the growing market.

Conotoxia Card

Finance Magnates reported about the launch of Conotoxia’s multi-currency card earlier in 2020. The company partnered with Visa to allow its users to make Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term in multiple currencies. Moreover, Conotoxia expanded its Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term offering with the introduction of MT4 this year. The company is planning to make the new service available for its multi-currency cardholders.

"Soon, holders of multi-currency payment cards (also made available on Conotoxia.com web portal) will be able to use the debit on the account, i.e. the determined debt limit, which can be conveniently used by the user when they run out of funds on the card, e.g. when shopping online, paying in stationary stores or executing money transfers", Kicinski added.

The multi-currency lending service is provided by Currency Lending Sp. z o.o.