IEG Holdings Corp. (IEGH) Revenues Pegged to Quadruple by 2020
- IEG Holdings services vast underbanked market in U.S.
- Company enjoys 80 percent repeat customer business
- ACF Equity Research projects that company revenues will quadruple from 2017 estimates by 2020
In a January 2018 report, ACF Equity Research projected that IEG Holdings Corp. (OTCQB: IEGH) revenues will essentially quadruple over the next couple years and the company will maintain positive EBITDA (http://nnw.fm/i9LkJ). Serving the large underbanked population in the United States, IEG Holdings provides unsecured, five-year consumer loans of $5,000 and $10,000 under the brand name ‘Mr. Amazing Loans’ through its website (www.MrAmazingLoans.com). The company is licensed and/or holds certificates of authority to originate direct consumer loans in 20 states and boasts an exceptional 80 percent repeat customer business rate.
Estimates from an FDIC survey (http://nnw.fm/EZf7l) reveal that approximately 25 million U.S. households were underbanked in 2015, meaning that the household had a checking or savings account but lacked sufficient access to mainstream financial services and products. These households are often deprived of banking services such as credit cards or loans and forced to rely on non-traditional forms of finance and micro-finance, such as check cashing services, loan sharks and pawnbrokers.
IEG Holdings services this void in the underbanked market that is typically overlooked by mainstream institutional credit providers. Avoiding the risky subprime market, IEG Holdings targets the near prime loan market and charges credit card-type fees that range from 12.0 percent to 29.9 percent APR. This offsets any potential defaults and delivers healthy returns on the company’s loan portfolio. IEGH’s customer acquisition cost is only about half that of traditional brick and mortar lenders, and the company has an automated online loan approval process with transparent contracts and no hidden fees. The transparency and easy loan approval are strong contributing factors in the company’s unparalleled 80 percent repeat customer business.
From approximately $2 million in 2017 estimated revenues, ACF Equity Research projects that the revenue of IEGH will reach $5.33 million in FY2019 and $8.23 million in FY2020, with positive EBITDA in both years. The company is currently debt-free and undertaking a creative cryptocurrency initiative that may well make IEG Holdings one of the few loan companies in the world that could have its own legal initial coin offering (ICO).
Investors interested in the huge potential returns seen by the disruptive fintech sector should take a serious look at IEG Holdings before price reflects the projected growth.
For more information, visit the company’s website at www.InvestmentEvolution.com
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
- IEG Holdings services vast underbanked market in U.S.
- Company enjoys 80 percent repeat customer business
- ACF Equity Research projects that company revenues will quadruple from 2017 estimates by 2020
In a January 2018 report, ACF Equity Research projected that IEG Holdings Corp. (OTCQB: IEGH) revenues will essentially quadruple over the next couple years and the company will maintain positive EBITDA (http://nnw.fm/i9LkJ). Serving the large underbanked population in the United States, IEG Holdings provides unsecured, five-year consumer loans of $5,000 and $10,000 under the brand name ‘Mr. Amazing Loans’ through its website (www.MrAmazingLoans.com). The company is licensed and/or holds certificates of authority to originate direct consumer loans in 20 states and boasts an exceptional 80 percent repeat customer business rate.
Estimates from an FDIC survey (http://nnw.fm/EZf7l) reveal that approximately 25 million U.S. households were underbanked in 2015, meaning that the household had a checking or savings account but lacked sufficient access to mainstream financial services and products. These households are often deprived of banking services such as credit cards or loans and forced to rely on non-traditional forms of finance and micro-finance, such as check cashing services, loan sharks and pawnbrokers.
IEG Holdings services this void in the underbanked market that is typically overlooked by mainstream institutional credit providers. Avoiding the risky subprime market, IEG Holdings targets the near prime loan market and charges credit card-type fees that range from 12.0 percent to 29.9 percent APR. This offsets any potential defaults and delivers healthy returns on the company’s loan portfolio. IEGH’s customer acquisition cost is only about half that of traditional brick and mortar lenders, and the company has an automated online loan approval process with transparent contracts and no hidden fees. The transparency and easy loan approval are strong contributing factors in the company’s unparalleled 80 percent repeat customer business.
From approximately $2 million in 2017 estimated revenues, ACF Equity Research projects that the revenue of IEGH will reach $5.33 million in FY2019 and $8.23 million in FY2020, with positive EBITDA in both years. The company is currently debt-free and undertaking a creative cryptocurrency initiative that may well make IEG Holdings one of the few loan companies in the world that could have its own legal initial coin offering (ICO).
Investors interested in the huge potential returns seen by the disruptive fintech sector should take a serious look at IEG Holdings before price reflects the projected growth.
For more information, visit the company’s website at www.InvestmentEvolution.com
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
