Initial Public Offering



Company overview

Founders

The initiative of the LendMN project was established in Mongolia by Nomad Invest and started the research project in 2015. By the beginning of 2016, the first stage of the project received 1 million USD from credibility of foreign and domestic investors. Following the investment, the technological development started immediately.

AND Global is the parent company of AND Systems LLC and LendMN NBFI. The parent company is responsible for establishing and finding investment, strategic planning, implementation of strategic actions and management.

Founders of LendMN who are aiming to introduce Mongolian Financial Brand services to international markets.

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ANAR Chinbaatar

Founder

• Systems engineer • Co-founder of Mongolian 4th mobile operator • Founder of LendMN NBFI JSC • CEO of AND Global Pte. • AND Systems LLC Chairman of the Board of Directors

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BOLDBAATAR Ochirsuren

Founder

• Financier, Auditor and International Certified Public Accountant • Founder of LendMN NBFI JSC • CFO of AND Global Pte. • CEO of AND Systems LLC • LENDMN NBFI JSC’ Board Member

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OTGONBAYAR Uuye

Founder

• Doctor of Mathematics • Founder of LendMN NBFI JSC • Head of Artificial Intelligence Department • Member of AND Global' Management team

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OTGONBAYAR Purevsuren

Founder

• Software Engineer, Master of Science • Founder and Developer of LendMN NBFI JSC • Member of AND Global’ Management team • AND Systems LLC Board Member

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NARANBAYAR Purevsuren

Founder

• Doctor of Public Administration and International Relations • Founder of LendMN NBFI JSC • Member of AND Global’s Management team

Corporate Governance

Stock issuer LendMN NBFI JSC’ Shareholders, and authorized officials have long-term expertise in multidisciplinary areas and are uniquely independent from each other, the decision-making process is independent, have a good corporate governance principles to ensure transparency, fair competition and sustainable corporate development.

Board of directors

D.Bat-Ochir

Chairman of the Board of Directors

• International Certified Public Accountant • Development Bank, Independent Member

S.Oyun

Board Member

• Banking finance and economics • Executive Director of Kingdom consulting LLC

Ch.Anar

Board Member

• Системийн инженер мэргэжилтэй • Анд Глобал компанийн Гүйцэтгэх захирал

О.Boldbaatar

Board Member

• Financier, Auditor and International Certified Public Account • CEO of AND Systems LLC

A.Bilguun

Board Member

• Certified financial specialist • Executive Director of MIBJ UTS

Ch.Namiraa

Secretary of Board of Directors

• Financial Management • General Manager of AND Systems LLC General Manager

Shareholder of LendMN NBFI JSC

AND Systems LLC is LendMN NBFI JSC’s 100% shareholder and AND Global Pte, is AND Systems LLC’s 100% shareholder.

AND SYSTEMS LLC

AND Systems aims to create a new level of financial services through FinTech based on artificial intelligence. AND Systems are introducing innovative, low-cost, mobile-based financial technologies for the first time in Mongolia. The company is in charge of the operation and reliability of LendMN NBFI JSC’s system.