Following the first updates and follow-up updates, we’re now sharing... Read more →
SIA ExpressCredit shareholders meeting on 03/10/2017 decided to assign year 2016 profits and profit of previous periods totaling 1 070 thousand EUR to distribute as dividends. SIA ExpressCredit year 2016 profits reached 995 thousand EUR. The payout of dividends will be made till 30/11/2017 taking into account bond issue prospectus ISIN LV0000801322, LV0000801280 and LV0000802213.
ID Finance, the emerging markets fintech company, has reported 82% revenue growth for the first half of 2017 following successful expansion into the Brazilian online lending market. The data science, credit scoring and digital finance company has now processed over 1 million loans and is planning further expansion in Latam with a launch expected in Mexico later this year. (more…)
|AS “mogo” earns 2.1 million during the first 6 months of 2017.
CORRECTION: The financial results have not been changed, Interim Condensed Financial information for the six month period ended 30 June 2017 replaced with Interim Condensed Financial statements for the six month period ended 30 June 2017.Turnover amounted to EUR 6.3 million (31% increase, compared to the same period in 2016), EBITDA reached EUR 3.7 million (29% increase, compared to the same period in 2016), net profit was EUR 2.1 million (50% increase, compared to the same period in 2016) and net profit margin was 33% (15% increase, compared to…
According to SIA ExpressCredit bond issue prospectus ISIN LV0000801280, as of 25/08/2017 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 250. (more…)
ID Finance has joined forces with former Elbrus Capital fund manager Yuri Popov and asset management company Da Vinci Capital to launch FinTech Credit Fund, a $200m debt finance fund aimed at financial technology companies with a focus on alternative lending. Read more >