NEO Finance AB
The portfolio of active loans on the Paskolų Klubas platform exceeds 50 million euros
Peer-to-peer lending platform Paskolų Klubas, administered by NEO Finance AB, which started 2022 with a portfolio of €44 million in active loans, reached the historic portfolio size of €50 million by mid-year . The objective is to have more than 55 million euros in the portfolio by the end of the year.
This P2P lending platform, which was the third to start in Lithuania, is today considered the largest and the undisputed leader. According to the Bank of Lithuania, at the end of July, Paskolų Klubas held 53% of the country’s P2P lending market. In addition, in the first quarter of the year, it held 4.7% of the market among all non-bank credit providers and 2.8% of the market among all consumer credit providers, including credit institutions. . One of the goals whose time has come is to capture more than 10% of the consumer credit market in Lithuania.
Paskolų Klubas remains the largest in the country not for the size of its active loan portfolio, but also for the amount of all loans issued since the start of operations, which in April also surpassed the impressive level of 100 million. euros.
“We are delighted that our work does not lack major achievements and records. It is motivating to see our efforts bring such results, which show that we are moving in the right direction with our team. We are growing and our ambitions are higher. that the German fixed income asset manager nordIX, which started investing on the platform last year, contributed significantly to these results, as did retail investors who find the platform an attractive risk/return profile. would not be possible without the borrowers. The active flow of customers proves that the offers we offer are competitive with those of other financial institutions, since a large part of the loans granted (~70%) are intended for refinancing, thus improving customers the loan conditions they had in other institutions”, notes Indrė Krasovskė, the director of Paskolų Klubas.
NEO Finance AB, which administers Paskolų Klubas, also provides the payment initiation service Neopay and manages the crowdfunding platform FinoMark.
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NEO Finance AB published this content on August 18, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on August 20, 2022 06:15:02 UTC.