Company Governance

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CORPORATE GOVERNANCE

Founders

The initiators of the LendMN project began their research in 2015 by establishing a company called Nomad Invest in Mongolia. By early 2016, the project’s first phase of funding, 1 million USD was received from both foreign and domestic investors. This funding allowed LendMN to start developing technical solutions for the project.

“AND Global” is the parent company of “AND Systems” LLC and “LendMN NBFI” JSC, and is responsible for the investment, strategy, and management of the AND Group.

The young professionals at “AND Global” are introducing the LendMN application model, which is one of the complex financial technology solutions they have created and successfully implemented in Mongolia. They are also introducing other technologies they have created to countries in Southeast Asia and beyond.

“AND Global” has secured Series A investment from Marubeni Corporation and SBI Holdings, totaling 15.3 million US dollars. This is the largest Series A investment in Asia. As a result, the company’s valuation has now reached approximately 58 million US dollars.

CORPORATE GOVERNANCE CODE

Introducing the founders and initiators who created the LendMN application and are working to bring Mongolian financial brand services to the international market.

ANAR Chinbaatar

Founder

BOLDBAATAR Ochirsuren

Founder

OTGONBAYAR Uuye

Founder

OTGONBAYAR Purevsuren

Founder

STRUCTURE

The shareholders and authorized officers of the issuer have many years of experience in the field and are highly qualified. They have no common interests and are fully capable of making independent decisions. They adhere to the principles of good governance to ensure the transparency of the issuer’s operations, fair competition, and the sustainable development of the company.

Board of directors

General Members