In July, Ard Credit NBFI ($ADB) signed a $5 million funding agreement with Japan’s Crowd Credit. Last week, $ADB secured the first tranche of this funding, amounting to ¥100 million.

🆙 Funding Boost

$ADB first tapped into foreign financing through Crowd Credit in 2019, the same year it went public via IPO. The initial $5 million was fully repaid, paving the way for this renewed collaboration. The latest funding will support nationwide expansion of financial services and further development of Ard App, the company’s fintech loan platform.

• 👶 New Products: In the first half of this year, $ADB added a loan targeting young entrepreneurs to its lending portfolio. Plans are also underway to increase financing for SMEs and herders.
• 🛜 Expanding Reach: In May, another strategic move was announced, as $ADB partnered with Mongol Post (MNP) to deliver financial services nationwide via smart POS systems. The rollout of these devices is expected to be completed by the end of the year.

🤔 Forward-Looking Strategy

$ADB maintains close collaboration with Japanese partners and is now exploring additional funding opportunities from Hong Kong and Singapore. A portion of both domestic and international financing will continue to be invested in further developing and enhancing the Ard App, a key competitive tool.

• 📲 Innovation Highlights: This year, the company launched Mongolia’s first hybrid credit scoring system within its app and issued its very first debit card. The ongoing partnership with $MNP is expected to strengthen $ADB’s position in the competitive fintech landscape.

Looking ahead, in 2026 $ADB will celebrate its 15th anniversary and mark 7 years as a publicly listed company. Shareholders can look forward to new strategic partnerships and innovative products that will further strengthen the company’s market presence and long-term growth potential.