Ferratum expands business with small business loans
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Ferratum Oyj /
Ferratum expands business with small business loans
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Ferratum expands business with small business loans
Helsinki/Berlin, July 17, 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", has introduced the new division Ferratum
Business in Finland. Thus, it has taken only about two months for Ferratum to
extend its offerings on small business loans to a second country after
successfully forming the business in Sweden.
Jorma Jokela, the founder and CEO of Ferratum Group, is very satisfied with the
current business development: "Product diversification is a key component of our
growth strategy. We are pleased to have reached an important milestone in the
company's development by introducing the new division in our home market of
Finland. Looking ahead we can pursue the goal of being able to offer the fastest
and easiest loan alternative for small businesses across Europe with Ferratum
Business.
Ferratum Business offers established small businesses with a strong track record
of at least two years loans to finance working capital with a term of six to
twelve months. In Finland these loans can be applied in the amount of EUR 3,000
to EUR 25,000 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.
So far in fiscal year 2015, Ferratum has already continued successfully pursuing
its growth strategy by entering the Canadian, Norwegian and French market as
well as offering its PlusLoan product and Credit Limit product in further
existing markets. Besides organic growth in the 21 markets that the company is
already active in, Ferratum is focusing on expanding its business in the medium
term to include 30 countries and diversify its product portfolio. 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.
Moreover, Ferratum offers successful small businesses installment loans with a
term of six to twelve months. 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#1939672]
Unternehmensinformation / Kurzprofil:
Datum: 17.07.2015 - 14:55 Uhr
Sprache: Deutsch
News-ID 407599
Anzahl Zeichen: 4493
contact information:
Town:
Helsinki
Kategorie:
Business News
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