Aur is one of the leading FinTech companies in Iceland, founded in 2015 by Nova and Kind Sheep (a holding company where I own 33% share). Later we added two more shareholders to the mix. Borgun, a leading payment facilitator in Iceland and Kvika Bank which focuses on asset management and investment services. I serve as a Board Member on behalf of Kind Sheep.
The Aur app, like all the apps I’ve designed, is very simple and easy to use. With the Aur app, Icelanders can transfer money to each other without having to know each other’s bank information.
With the Aur app users can also borrow money and receive it immediately without the hassle of having to go to a bank, apply for a loan, wait a few days while getting vetted and then finally sign. Aur lends up to ISK 1,000,000 for up to 24 months and all the vetting process and signing is done electronically and instantly within the app.