Ferratum Oyj: Ferratum launches small business lending
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Ferratum Oyj /
Ferratum Oyj: Ferratum launches small business lending
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Helsinki/Berlin, May 22, 2015 - Ferratum Oyj (ISIN: FI4000106299, WKN: A1W9NS;
together with its consolidated subsidiaries hereinafter "Ferratum Group" or
"Ferratum"), an international provider of mobile consumer loans and a pioneer in
the field of "financial technology", launched its first small business lending
activities in Stockholm, Sweden, today. Thus, Ferratum has been pushing forward
its product diversification as an important part of its sustainable growth
strategy. The new division, Ferratum Business, lends to small "main street"
businesses with a successful track record of two or more years in operation - a
valuable market segment that has traditionally been underserved by conventional
bank lending.
Jorma Jokela, founder and CEO of the Ferratum Group, comments: "The competence
and competitiveness - big data scoring, lean online processes, convenience and
speed - that we have developed in our over 10 years of history in consumer
lending shall now be used to offer lending products also to entrepreneurs and
businesses. With Ferratum Business we are seeking to provide the fastest,
easiest small business lending alternative in Europe."
Ferratum Business offers working capital installment loans to small businesses
for 6 to 12 months. These loans can be applied in the amount of 20,000 to
250,000 SEK (around 2,100 to 27,000 EUR) by means of a simple and short
application process, only taking about 10 minutes. Therefore, the new business
lending is characterized by fast approval times, with loans disbursed within one
day of a completed application and without collateral requirements.
In the first months of 2015 Ferratum already continued successfully pursuing its
growth strategy by entering the Canadian and Norwegian market as well as
offering its PlusLoan product and Credit Limit product in further existing
markets. Ferratum currently operates in 21 countries worldwide, and aims to
extend its business activities to 30 countries in the medium-term. In this
context, Ferratum also plans to establish the new division of business lending
in further countries in the course of 2015.
About Ferratum Group:
The Finnish Ferratum Group, a pioneer for mobile consumer loans in Europe,
offers short-term consumer loans. Ferratum's customers can utilize digital media
to apply for consumer credit in amounts varying between EUR 25 and EUR 2,000.
Managed by its founder Jorma Jokela, Ferratum has expanded rapidly since it was
founded in 2005: Ferratum has 1.0 million active and former customers who have
been granted one or more loans in the past and 3.0 million total user accounts
in its database (as of 31 March 2015). Ferratum is represented in 21 markets and
employs 383 people as of 31 December 2014.
Contact:
Ferratum Group
Dr. Clemens Krause, CFO
T: +49 30 88715308
F: +49 30 88715309
M: clemens.krause(at)ferratum.com
Ferratum Group
Paul Wasastjerna
Head of Investor Relations
T: +358 40 7248247
F: +358 20 741 1614
M: paul.wasastjerna(at)ferratum.com
cometis AG
Henryk Deter | Mariana Kuhn
T: +49 611 20 58 55-61
F: +49 611 20 58 55-66
M: kuhn(at)cometis.de
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Source: Ferratum Oyj via GlobeNewswire
[HUG#1923366]
Unternehmensinformation / Kurzprofil:
Datum: 22.05.2015 - 07:46 Uhr
Sprache: Deutsch
News-ID 395235
Anzahl Zeichen: 4290
contact information:
Town:
Helsinki
Kategorie:
Business News
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