Primary market order opening and the opening bell ceremony for ‘LendMN’ JSC were successfully organized at the Mongolian Stock Exchange today. Kh.Altai, CEO of MSE, S.Davaasuren, Chairperson of FRC, D.Bat-Ochir, Chairman of ‘LendMN’ JSC, Ch.Anar, CEO of ‘And Global’ LLC, O,Boldbaatar, founder and Board member of ‘LendMN’ JSC, and N.Tsevegmed, CEO of ‘Mirae Asset Securities Mongolia’ were in attendance and struck the MSE's 5,665th opening bell.
‘LendMN’ is a pioneer in innovating the artificial intelligence based FinTech financial model for the Mongolian financial sector since 2016. The Company provides collateral free, low cost consumer digital loans to its customers through its LendMN application.
‘LendMN’ JSC, represents the first Non-banking financial institution to list on the MSE as well as becoming the first company to conduct IPO in Board III of Mongolian Stock Exchange. The company demonstrates the possibilities for innovative, risky and small and medium-sized start-up companies to fund its growth by raising capital in the Mongolian securities market.
‘Mirae Asset Securities Mongolia’ LLC is working as an Underwriter Company for the offering, and the orders will be accepted during 21stFebruary 2018- 7th March 2018. In addition, the users of ‘LendMN’ application are able to submit their orders on their smartphones.
MONGOLIAN STOCK EXCHANGE