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DelfinGroup

Last Updated: 17.09.2021. Date when the basic information was updated
DelfinGroup
Loans Originated Total volume of loans issued by this company to borrowers since its founding.
€ 335.1 M
Loan portfolio Loans issued by the lending company to borrowers at the time of the most recent financial statement that are current or less than 60 days late.
€ 41.8 M
Buyback obligation A credit enhancement given by the lending company or other entity of a lending company group to the investor for a particular investment opportunity. If an underlying loan is more than 60 days late, the lending company is obligated to buy back the investment at nominal value plus accrued interest. Usually, this means investors will be able to recover their investment in case of a borrower default.
With a buyback obligation
Skin in the Game To ensure the interests of a lending company and investors are aligned, the company is required to keep a stake of each investment opportunity it offers through Mintos. This is called the company's skin in the game.
5%
Average Interest % The weighted average interest rate of investment opportunities from this lending company.
10.3%
Website:
www.delfingroup.lv
Founded: The year the company was founded.
2009
Employees:
281
Joined Mintos:
February 2016
Loan Types: The type of loan the company has issued to borrowers.
Personal loan Pledge type group unsecured
Pawnbroking loan Pledge type group other
Countries: Countries in which the loans were issued by the company.
Currencies: Currencies in which investment opportunities from the company are offered.
EUR
Annual percentage rate charged to borrowers:
42%-168%
Outstanding Principal: Total outstanding principal from this company on Mintos.
€ 29 099 318
Schedule extension: During the first 30 days after the due date of a loan payment, the borrower can opt for extending the loan payment schedule. The maximum number of extensions depends on the loan agreement and can't be more than 6. If the lending company agrees, the loan will be automatically updated, with the new schedule, and the due dates for all outstanding payments will be extended by up to 31 days. Investors will continue to earn the same interest throughout the remaining loan term.
Up to 6

Recent News

13.05.2022

DelfinGroup reports 24% growth in Q1 2022

09.05.2022

Earn up to 3% cashback with DelfinGroup loans

28.02.2022

DelfinGroup reports €5.2 million profit before tax in unaudited 2021 results

24.02.2022

Join AS DelfinGroup webinar on 2 March at 11:00 EET

07.10.2021

DelfinGroup reports operational highlights for Q3 2021

28.09.2021

DelfinGroup goes public and launches Initial Public Offering on Nasdaq Riga

17.09.2021

Mintos hosts: DelfinGroup in Webinar

11.08.2021

DelfinGroup increases revenue to €11.9 million in H1 2021

12.07.2021

DelfinGroup issues new bonds 

14.04.2021

DelfinGroup plans IPO on Nasdaq Riga in 2021
All News

About

DelfinGroup was founded in 2009 and is the owner company of the loan originators Banknote and VIZIA. DelfinGroup is the second-largest non-bank consumer lender in Latvia. Since its inception, the company has issued more than 335 million euros of pawn loans and consumer loans and the client base has reached 400 thousand customers. 

Banknote offers personal loans and secured loans using personal property as collateral (pawnbroking) in its 93 branches across Latvia. 

VIZIA specializes in consumer loans, focusing on medium-to-higher income customers and their financial needs in various life situations.

Starting from 06.05.2021 there have been changes in the ownership structure and some equity investors overlap with Mintos.

Presentation

Presentation

Last Updated: 28.02.2022

Financials

Financials

Last Updated: 28.02.2022