Capitalia unaudited interim consolidated financial statements for Q2, 2017



In the second quarter of 2017 Capitalia reported total revenues of EUR 648 thousands (year-to-date), which is an increase by 52% compared to the respective period in 2016. (more…)

Interview with Boris Batine, the Co-founder of ID Finance



FinTech Profile interviews Boris Batine, the Co-founder of ID Finance; a data science, credit scoring and digital finance company that is pioneering fintech innovation in emerging markets.

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Extra Finance has started financing real estate projects



Romanian alternative lending company Extra Finance has started a new line of business financing small- to medium-sized residential real-estate projects. Extra Finance will offer these loans to investors on the Mintos marketplace. (more…)

About publishing SIA ExpressCredit financial reports



Information about publishing SIA ExpressCredit financial reports for 2017, in accordance with AS Nasdaq Riga rules On Listing and Trading of Financial Instruments in the Markets Regulated by the Exchange, is summarized below. (more…)

An interview with CEO of Aforti Holding Klaudiusz Sytek



Mogo Group 2017 first quarter results



One of the major loan originators on the Mintos marketplace, Mogo, shares its 2017 Q1 results with our investors. (more…)

DEBIFO increased factoring portfolio by four times to EUR 2.5 million



During the second year of its activities the largest non-bank invoice financing company in Lithuania increased the factoring portfolio by four times – up to EUR 2.5 million and financed invoices for EUR 11.2 million. Invoice financing facility was used by more than 100 small and medium-sized businesses who financed 1 790 invoices. (more…)

ExpressCredit decreases bond nominal value for EUR 250 000



According to SIA ExpressCredit bond issue prospectus ISIN LV0000801280, as of 25/05/2017 nominal value of one security is going to be decreased by EUR 50. Total nominal value of bonds issue will be decreased for EUR 250 000. After settlement nominal value of one security (ISIN LV0000801280) will be EUR 300. (more…)

On differences in audited and non-audited financial statements for year 2016



According to audited results the net losses of Capitalia for the year 2016 were EUR 11 576 – smaller by EUR 1 854 than reported in non-audited results for the same period. The difference is due to amendments in the provisions for the doubtful loans. (more…)

SIA ExpressCredit 1st quarter 2017 financial results



SIA ExpressCredit Group’s turnover for the 1st quarter 2017 reached EUR 4,2 m and Group worked with unaudited net consolidated profit of EUR 0.68 m.

The Group’s operations during the period from 1 January to 31 March 2017 has been successful. In line with plans, total revenue for the period was up by 31.3% against the 2016 respective period and reached 4 263 619 euro.

Agris Evertovskis comments on 2017 1st quarter results: “Group has achieved significant growth in the loan portfolio and revenue. The main thing I want to note is that this growth is of good quality, sustainable and…