In 2022, ESTO experienced substantial growth across multiple key performance indicators. The company has provided the following operational and financial information:
Gross merchandise growth increased by 74%, while the user base expanded by 32%, further establishing ESTO as a trusted provider among satisfied customers. In addition, the company forged strategic collaborations, resulting in a 27% growth in business partnerships.
ESTO’s market share and portfolio grew, with assets totaling €45M. The company’s growth trajectory remained highly profitable, with an EBITDA of €7M and a net profit of €3.8M.
The strong performance extended into Q1 2023, with a substantial year-on-year revenue growth of 45% and a parallel 45% increase in net profit compared to the previous year.
To fuel its growth plans, ESTO recently increased interest rates on Mintos to 10%. ESTO aims to attract more investors seeking lucrative opportunities.
ESTO was established in 2017 and provides a fully automated and tech-driven point of sale purchase financing and payments solution for its network of merchant partnerships in Baltics. ESTO’s business model is to facilitate payments between the client and merchant in an e-commerce setting by providing real-time payments for the merchant and payment schedules for the client. Among its partners are some of the largest retailers on the Estonian market – Kaup24, ONOFF, Valge Klaar, RDE, Bigbox, Photopoint and many more.