Individual
Corporate
en
mn
Total employees
InvesCore Financial Institution was founded in 2016 and has since been operating in the micro-financing market, introducing advanced technology and providing innovative and swift service to our customers. As of today, we have 16 branches in Ulaanbaatar, 1 branch in Erdenet city, Mongolia and subsidaries in Japan and Kyrgyz Republic. Moving forward, we are focusing on launching our business in the markets of South East Asia and Central Asia with an objective to expand our service.
+200
+123,000,000
Total amount invested into employees' initiated projects
+90
Total hours spent for training
+123,000,000
Total amount invested into employees' career development.
BUSINESS PRINCIPLES
MISSION
Our mission is to provide innovative financial products and swift services with seamless professionalism and be the reliable financial assistant to our customers.
VISION
We will provide innovative products and services in the financial markets of developing countries worldwide and create a reliable financing to support individuals and small and medium-sized enterprises.
CORE VALUES
Responsibility
Our core value is to be sincerely aware of our responsibilities before our customers, colleagues, investors and partners and to operate with the best business ethics and principles.
Challenge
The pursuit for greater achievements and our strive towards expansion, innovative products and services, and new opportunities motivate and keep us advancing forward.
Collaboration
The driving force and engine of InvesCore Financial Group is the young and energetic professionals, who work in a seamless synergy.
Speed
We operate with expedient decisions and complete execution, while keeping our day-to-day operations faultless and precise like a clockwork.
SERVICE
Financial consulting service
Financial consulting for SME's.
Investment consulting service
Consulting on investment projects and business plan.
Factoring
Financing of account receivables for SMEs to strengthen cash flow.
Payment guarantee service
We provide payment guarantee service to individuals and business entities for Bidding, Bank loan, Project loan.
Alliance program
A program to support local NBFIs.
STRUCTURE
HISTORY
January , 2016
Started its operation in Ulaanbaatar with 6 licenses from FRC
January , 2017
Launched new products: "Car loan", Business line, Credit card, SME loan
December , 2017
Outstanding NBFI award (Mongolian Chamber of Commerce)
March , 2018
Established IT company "Invescore AI Lab"
June , 2018
Started online car sales web site zarlaa.mn
October , 2018
Connected to the "HUR" state database center, as a first NBFI.
November , 2018
Developed Smart-LOS system.
December , 2018
Developed AI based scoring system.
December , 2018
The Best Investor award (NBFI Association)
December , 2018
Outstanding NBFI award (Mongolian Chamber of Commerce)
March , 2019
Established "Invescore Wallet" LLC, a fintech NBFI.
June , 2019
Listed on the Mongolian Stock Exchange
June , 2019
Extended operation into Erdenet city.
June , 2019
The Best Investor award (NBFI Association)
December , 2019
Outstanding NBFI award (Mongolian Chamber of Commerce)
January , 2020
Acquired NBFI "Zolotoi standard" in Kyrgyz Republic.
January , 2020
Launched new product "POCKET".
January , 2020
Implemented the new core-banking system.
April , 2020
Issued closed-end bond.
September , 2020
Initiated Alliance program.
October , 2020
Implemented Kiosk service.
November , 2020
Acquired approval for e-money license.
December , 2020
The best investor award (NBFI Association)
January , 2021
Asset-backed securities worth 20 billion MNT were traded on Mongolian Stock Exchange
April , 2021
10 percent of the net profit of 2020 was distributed to its shareholders which in total amounted to 1.2 billion MNT (17MNT per share)
May , 2021
“Invescore Wallet NBFI” LLC received a digital currency license from the Bank of Mongolia in 2021.
July , 2021
Invescore Financial Group worked as a golden sponsor of “Tokyo-2020” within the framework of our social responsibility
August , 2021
The program to support micro and SMEnterprises was implemented in cooperation with “Rio Tinto 2021 Mongolia” LLC
September , 2021
The international organization “MicroFinanza Rating” SRL evaluated Invescore NBFI with an A-High rating which was the highest rating given currently in the domestic market.
December , 2021
3 million USD funding was accumulated from “Enabling Micro Finance Fund”. By achieving so, ISO9001:2015 and ISO27001:2013 have also been implemented afterward.
June , 2022
Financial Regulatory Commission has approved of issuing additional shares (FPO) and the initial order in the primary market was completed with 100.41%.
September , 2022
The “A-” rating received from the international “MicroFinanza Rating” SRL organization has been upgraded to “A”, becoming the pioneer in Mongolia
October , 2022
Within the framework of our social responsibility, Invescore Financial Group served as the main sponsor of Qatar 2023 FIFA World Cup live broadcast
December , 2022
Invescore Bond 2.0” – a bond worth 50 billion MNT was introduced to the securities market
December , 2022
Invescore NBFI has been awarded as “Entrepreneur of Non-bank Financial Organization” award of the National Chamber of Commerce in 2022.
January , 2023
Invescore Financial Group has implemented ESG systems into daily operations aligned with Mongolia’s principles of sustainable financing.
February , 2023
A long-term loan worth 5 million USD agreement has been signed with EBRD