Cream Finance
European consumer lending fintech
About
Originally founded in Latvia as Cream Finance, the company operated as a European consumer lending fintech offering short-term and installment loans across multiple markets including Spain, Czech Republic, Latvia, and other EU countries. The company built a fully digital lending platform with automated credit scoring, instant decisioning, and online loan disbursement. Cream Finance rebranded to AvaFin to reflect broader product ambitions. In November 2024, AvaFin was acquired by Capitec Bank, South Africa's largest retail bank by customer count with over 22 million clients.
Products
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consumer loans
— Provides accessible loans to help customers meet their financial needs with ease and convenience.
Customer sectors: retail consumers, personal borrowers
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refinancing services
— Offers refinancing solutions to help customers consolidate debt and manage repayments more effectively.
Customer sectors: retail consumers, personal borrowers
Market research & competitive positioning
Source-backed TAM / SAM / SOM sizing, displacement analysis, and an interactive peer positioning map for Cream Finance — available to members.
