Investors who used Mintos to invest in the loans of ID Finance Kazakhstan, denominated in Kazakhstani tenge, received returns in EUR terms 7.2% above the declared rate due to appreciation of the Kazakhstan tenge (KZT) against the Euro (EUR). Moreover, investors received a 17% annual interest as investment earnings – one of the highest rates on Mintos. This return rate is normally 10.5% for investments in EUR. (more…)
Aasa Polska launched the second edition of its CSR campaign for digital activation of older generations in Poland
As much as 55 percent of people aged 15-35 in Poland believe that their parents, parents-in-law or grandparents are digitally excluded. At the same time, as much as 95 percent of young people want to help their relatives in using the network – according to the “Aasa Report – Activity of older generations on the Internet through the eyes of the young 2018”. (more…)
(the “Group” or the “Company”)
£35m FACILITY AGREED WITH THE BRITISH BUSINESS BANK
- Facility to be deployed through the Group’s subsidiary entity, Bradgate Business Finance Limited (“Bradgate”), to satisfy growing demand for ‘hard asset’ leasing
- Significant reduction in the Group’s blended cost of borrowing expected over the life of the facility
As of March 26, 2018, the brand MoneyMetro has changed its name to VIZIA. The name of the brand was changed because its consumer lending operations were moved into a fully online environment. (more…)
In 2017, the invoice financing company Debifo earned even more trust from both clients and investors – the company improved all key performance indicators and attracted new clients, thus becoming the largest non-bank invoice financer in Lithuania by the number of clients. (more…)
Aasa, an international fintech company, has signed the Diversity Charter in its Polish, Estonian and Swedish affiliates. In this way, the company committed itself to promoting cultural, ethnic and social diversity in its work environment. (more…)
Varks.am shareholders have decided to increase the registered share capital of Varks.am from AMD 455 to AMD 600 million (the equivalent of approximately EUR 1 million). The increase of share capital will result in larger equity and raise the financial stability of the company. Share capital changes will be registered in the following weeks. (more…)
AS “mogo” earns 3.5 million during 2017.
Turnover amounted to EUR 13.7 million (30% increase, compared to the same period in 2016), EBITDA reached EUR 6.1 million (19% increase, compared to the same period in 2016), net profit was EUR 3.5 million (35% increase, compared to the same period in 2016).
As at 31 December 2017 value of the net lease portfolio reached 30.6 million euro (22% increase, compared to 31 December 2016).
“Mogo in Latvia posts another successful year with significant growth in profits, at the same time continuing to invest both in the development of services in Latvia,…