Digital consumer lender sees instalment and line of credit leading
its portfolio for first time.

LONDON & RIGA, Latvia–(BUSINESS WIRE)–4finance Holding S.A. (the “Group”), one of Europe’s largest digital
consumer lending groups, announces that it has issued more than €7
billion in online loans since the Group was established in 2008.

The €7 billion milestone reflects 4finance’s successful ongoing
transition into longer term credit offers with instalment loans and
lines of credit, including the banking business, now representing over
50% of the Group’s net portfolio. Since its launch 4finance Group has
made over 20 million loans.

Single payment loans now represent just 22% of 4finance Group’s net
portfolio, down from 30% a year ago.

4finance’s numbers are supported by its growing partnership programme.
4finance’s partnership with personal finance platform Fintonic in Spain
has seen rapid growth in recent months, adding to the Group’s near-prime

Oyvind Oanes, CEO of 4finance, commented:

“We’ve issued a billion euros in under 11 months, while
simultaneously adapting our product mix to fit changes both in customer
expectations and regulatory requirements. Our partnerships, with new
routes to market and fresh offers, are delivering new revenue streams.

“While still relatively small, we are seeing encouraging growth in
our near prime lending as we expand into this valuable new segment.
4finance Group’s scale and reach allow us to simultaneously adapt our
existing lines of business and develop new ways to access convenience
credit for those underserved by the established banks.”

Notes to Editors

Established in 2008, 4finance is one of Europe’s largest digital
consumer lending groups with operations in 14 countries.

4finance operates a portfolio of market leading brands, through which,
as a responsible lender, the firm offers simple, convenient and
transparent products to millions of customers who are typically
underserved by conventional providers.

4finance has group offices in Riga (Latvia), London (UK) and Miami
(USA), and currently operates in 12 countries in Europe plus Argentina
and Mexico. The Group also offers deposits, in addition to consumer and
SME loans through its TBI Bank subsidiary, an EU licensed institution
with operations in Bulgaria and Romania.


Email: [email protected]
[email protected]

Instinctif Partners
Mark Walter
Email: [email protected]
(0)20 7866 7887