Since its establishment in 2008, Netcapital Finance Corporation, a leading non-bank financial institution trusted by its clients, has solidified its position as a sector leader through the quality, accessibility, and speed of its financial products and services. As a result of this consistent operation, sound management policy, and socially responsible approach, the company was selected as one of Mongolia's Top 100 Entities for 2024, leading the non-bank financial sector.
For 17 years, Netcapital Finance Corporation has operated continuously, expanding into a national financial institution with 44 branches across 9 districts of Ulaanbaatar and 21 provinces, and employing over 600 skilled professionals. The company is committed to its goal of making financial services accessible to all and contributing to balanced regional development.
In 2024, the company achieved a 97.2% score on the Financial Regulatory Commission's "Corporate Governance Code" implementation assessment. This success is a testament to Netcapital Finance Corporation’s responsible, controlled, fair, and transparent management system.
Netcapital Finance Corporation is strategically implementing a digital transformation, successfully adopting international management systems. For instance, the company has successfully implemented and continues to adhere to:
The effective implementation of these internationally recognized standards across all company operations has created a customer-centric, fast, reliable, and secure financial service ecosystem, which significantly reinforces Netcapital's ability to compete on an international level.
Netcapital Finance Corporation has maintained steady growth for 17 years, providing transparent and accurate information to its investors and paying dividends and interest yields on time without a single day's delay. This is a concrete demonstration of our financial discipline and responsible operations.
As a result of this trust and stability:
Under the motto "Invest in Passion and Skill," Netcapital Finance Corporation acted as a general sponsor for the live broadcasts of:
The company also provided direct financial support to Mongolian teams and athletes.
This achievement of being named a Top 100 Entity is a true recognition of not only the company but also the development of Mongolia's non-bank financial sector and market confidence. We will continue to be a trusted partner in the Mongolian financial sector, combining innovation, transparent governance, sustainable growth, and social responsibility.
We extend our deepest gratitude to our valued clients, loyal partners, and dedicated team.
In line with its "Sustainable Financing Policy," Netcapital Financial Group operates by upholding the principles of sustainable financing, implementing initiatives that benefit the environment, society, and the economy. We are pleased to present our 2024 Sustainability Report, which details the work we have accomplished in this area.
Report: https://bit.ly/43KgySC
The initial public offering for Mongolia's first 20% interest asset-backed securities (ABS), offered to the public for the first time on the Mongolian stock market, officially closed on July 1, 2025, after being fully subscribed in just four days.
"Netcapital ABS" SPC LLC successfully raised a total of ₮30.0 billion by offering the public ABS that are 100% backed by loans with a fiduciary right on vehicles. The securities have a maturity of 24 months, an annual interest rate of 20%, and quarterly interest payments.
The high level of trust and active participation from both individual and institutional investors in this high-yield, low-risk financial instrument was the key factor behind the 100% fulfillment of the initial ABS offering. This success sets a new standard and opens up new opportunities in the domestic capital market.
"Netcapital ABS" SPC LLC was founded by "Netcapital Finance Corporation" NBFI LLC, one of the leading non-bank financial institutions in Mongolia, which has been operating stably for 17 years.
As of 2024, "Netcapital Finance Corporation" NBFI LLC, the main company of the Netcapital Financial Group, had expanded to ₮271 billion in total assets, 44 branches covering Ulaanbaatar and all 21 provinces of Mongolia, over 600 skilled employees, and more than 112,000 satisfied clients.
The company was also rated 97.2% in the Financial Regulatory Commission's Corporate Governance Code assessment, making it a well-governed financial institution. This rating serves as a guarantee of its accountability, transparency, and reliability, maintaining a high level of trust among clients and investors.
The following organizations collaborated on this successful initial public offering:
We would like to express our gratitude to all the organizations, partners, and our team who made a valuable contribution to the successful implementation of this offering.
Netcapital Financial Group successfully participated in the "MANAGEMENT FORUM 2025," an event that gathers leaders of Mongolia's top companies to exchange experiences and explore the best international management trends.
During the forum's "Artificial Intelligence and its Application" section, Netcapital Financial Group's CEO, B. Khunshagai, gave a presentation on "AI-Driven Organization."
The group's President and Founder, D. Sundii, participated as a panelist, sharing his thoughts on the impact of AI on business development, the significance of technological advancement, and future trends.
D. Sundui highlighted that Netcapital Financial Group aims to build a customer-centric, AI-based ecosystem. This platform will not only offer financial services but also integrate other related services, with the goal of automating data-driven decision-making. This goal demonstrates the group's commitment to using technological advancements to provide faster, easier, and more personalized services to its customers.
During the panel discussion, he emphasized the following points:
In his "AI-Driven Organization" presentation, CEO B. Khunshagai conveyed the following to attendees:
In short, if a company can implement an AI-based vision, it can, as Elon Musk said, "create a big competition from a small company." An organization with 500 employees can leverage AI to compete with a 50,000-employee company on the same level. This approach prevents the traditional weaknesses of large companies, such as slow decision-making and data centralization.
We have successfully implemented the IDCXS2022 "International Digital Customer Experience Standard" and have been certified by the British Standards Institution (BSI). This implementation allows us to develop our products and services to an international level of "Excellence," creating a system where customers can access easy and secure financial services through digital channels.
The IDCXS2022 standard consists of 7 sections and 356 criteria. We made improvements to our operations in accordance with these criteria, and from October 21-23, 2024, we underwent a certification audit by the BSI. We met the standard's requirements with a high performance rate of 95.5% and received our certificate.
"Netcapital Financial Group," the official sponsor of the live broadcast of the Paris Olympics, has signed a partnership agreement with the Mongolian National Olympic Committee (MNOC). The agreement's aim is to support Mongolia's national team and athletes who are full of passion and determined to raise the country's name on the world stage at the "Paris 2024" Olympics, a celebration of humanity.
As the general sponsor of the live broadcast of the Paris Olympics, the pinnacle of human celebration, Netcapital Financial Group has signed a cooperation agreement to support B. Otgonbold, an archer from the Mongolian National Team who has qualified for the Paris 2024 Olympics.
B. Otgonbold is also recognized as the Asian Games champion, the recipient of the 2023 Athlete of the Year traveling cup, and an International Master of Sports.
We are honored to support our national teams and athletes, who are full of fiery determination to raise Mongolia's name on the world stage. We extend a blessed wish for our golden Soyombo state flag to rise triumphantly in the Paris sky.
We wish B. Otgonbold great success in his sports endeavors!
As the official live broadcast sponsor of the Paris Olympics, a pinnacle of human celebration, Netcapital Financial Group has signed a partnership agreement to support B. Otgonbold, a member of the National Archery Team who qualified for the "Paris 2024" Olympics. He is also the champion of the Asian Games, the recipient of the "Best Athlete of 2023" traveling cup, and an International Master of Sport.
We are proud to support our national team and athletes who are full of passion and determined to raise the name of Mongolia on the world stage.
We wish for the auspicious blessing of our golden soyombo state flag to fly high in the Paris sky. We extend our best wishes to B. Otgonbold for great success in his athletic endeavors.
