About Us
Netcapital Financial Group was established on September 9, 2008, with the legal authority to operate in Mongolia’s banking and financial sector, specifically in the areas of lending and investment. As one of the country’s oldest non-bank financial institutions, Netcapital has been operating continuously for 16 years, with a network of 36 branches, a team of over 500 employees, and a customer base exceeding 100,000.
Vision
To create a AI-Driven ecosystem that integrates Customer-centric financial and non-financial services.
Mission
Lead digital transformation.
Values
Be energetic and inspire others
Be transparent and trustworthy
Be passionate and determined
Execute with speed and efficiency
Foster a culture of joy and positivity
Historical Development
Historical Development
2008
Launched operations providing loan, trust, and investment advisory services.
Historical Development
2009
Netcapital Auto LLC was founded, launching "Drive your car, get a loan," the first of its kind in the market.
Historical Development
2010
- Implemented a new technological solution using the Achidbanker system from Grapecity Mongolia LLC.
- Became a Platinum member of the Mongolian National Chamber of Commerce and Industry and was recognized as one of the Top 10 Non-Banking Financial Institutions (NBFIs).
Historical Development
2011
- A year of growth and recognition. We grew our charter fund by MNT 335.0 million to a total of MNT 1.449 billion.
- Our CEO, N. Undrakh, was honored as a featured entrepreneur.
- Our success was further solidified by being named a Top 10 Non-Banking Financial Institution (NBFI) of 2011.
Historical Development
2012
- Invited international microfinance consultant Jonathan Hiebert to join our management team.
- Honored as one of the Top 5 NBFIs at the Grand Expo, and also recognized among the Top 10 NBFIs.
Historical Development
2013
- Implemented the GreenERP human resources system from IT Zone.
- Opened new branches in Bayangol, Bayanzurkh, and Chingeltei districts, as well as in the cities of Darkhan and Erdenet.
- Upgraded our technology to an advanced level using the GrapeBank system.
- Recognized as a Top 10 Non-Banking Financial Institution (NBFI) for the year.
Historical Development
2014
- Implemented the Most Money payment system and transitioned to 100% cashless transactions.
- Recognized as a Top Taxpayer of 2014.
Historical Development
2015
- Won the NBFI Association basketball tournament for the third consecutive year, earning the challenge cup.
- Recognized as a Top Taxpayer of 2015.
Historical Development
2016
- Implemented annual training sessions and successfully executed professional and personal development programs.
Historical Development
2017
- Introduced "Mobile Credit," a new loan product.
- Established a new branch in Sukhbaatar District and founded Netcapital Leasing LLC.
- Launched "Oodoo," a new car leasing product.
Historical Development
2018
- Launched the "10,000 Smiles" and "Little Helper" projects, donating 110,000 books.
- Opened new branches in Songinokhairkhan and Chingeltei districts.
- Completed a rebranding initiative, established "NetAcademy" LLC, and expanded into corporate training.
- Implemented the "60 Minutes for Yourself" program.
- Recognized as the Best Socially Responsible Organization.
Historical Development
2019
- Sponsored the "Special Olympics" and implemented the "Language Has No Limits" project.
- Established an investment unit at the Shangri-La office.
- Implemented the "KHUR" government information exchange system.
Historical Development
2020
In line with the UN's "Sustainable Development 2030" agenda, we launched:
- "Healthy Lungs" mask campaign
- "Bag Your Future" donation campaign
- "Safe Passage" movement
We also introduced our NetApp digital loan platform to the market and opened new branches in Khoroolol, Da Khuree, and Sansar.
Historical Development
2022
- Honored at both the "Global Banking & Finance Awards" and "The Next 100 Global Awards 2021."
- Became the first Non-Banking Financial Institution (NBFI) to implement the ISO 9001:2015 standard.
- Opened new branches in 12 provinces.
- Expanded our network with new locations at Park-OD, Grand Plaza, and Gegeenten.
Historical Development
2023
- Opened 7 new branches, creating over 40 new jobs.
- Launched our Tengis digital branch.
- Fully implemented the NetCore core system.
- Introduced the COSO ERM framework and an AI model.
- Received a "short-term financial instruments" license.
- Began a new partnership with a Singaporean investment fund.
- Ranked among the Top 5 NBFIs for corporate governance for the second consecutive year.
Our success
NetCapital Financial Group has been continuously providing traditional and investment products and services that meet the needs of its clients for 16 years. In 2020, we launched the NetPay application, which provides access to financial services all in one place. We are working to get closer to every client with our mission of bringing digital banking to you.

Licenses
Non-Banking Financial Activities License
Financial Regulatory Commission, Order No. 101/134, dated 11/28/2008
Approval for digital money payments
Bank of Mongolia, Order No. A-7/875, dated 08/31/2021
Approval to conduct digital lending activities
Financial Regulatory Commission, Order No. 7/2825, dated 07/04/2023
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