The company has successfully issued 2 years long first part of private bond offering

The value of the first part of issued bond offering is 640 thousand euros, who was bougt by 6 private investors due private bond offering. 10% annual interest rate of bonds will be payable to investors quarterly. The nominal value of one bond is 10 thousand euros. The redemption date for the bond offering is June 23, 2025. The company will pledge, for the benefit of the Investors, a portfolio of consumer credit loans in an aggregate amount not less than 125% of the nominal value of the Bonds in issued.

The raised funds will be invested in the development and sales growth of all business directions managed by NEO Finance, AB.

“One of the main goals of the company is continuous growth. We believe that the raised funds will allow us not only to further expand “Paskolų klubas”, “Neopay” and “FinoMark” but also to increase sales volumes in all these business areas. We are prepared to attract more customers to successfully grow and thrive. Additionally, we believe that the raised funds will provide an excellent opportunity to leverage business potential and strengthen market positions,” says Evaldas Remeikis, CEO of NEO Finance, AB.

The results of the first quarter of 2023 reflect the continuous growth and successful operations of NEO Finance, AB in all its business areas. The company’s revenues grew by 28 percent, reaching 1.01 million euros compared to the same period last year. At the same time, the company’s EBITDA and pre-tax profit for the first quarter of this year increased by 130 percent and 911 percent, respectively, reaching 167 thousand euros and 72 thousand euros. For comparison, in the first quarter of 2022, these indicators amounted to 73 thousand euros and 7 thousand euros, respectively.

NEO Finance, AB, operating the peer-to-peer lending platform “Paskolų klubas”, provided loans amounting to 9.95 million euros in the first quarter, which is a 41% increase compared to the previous year.

Successful results were also achieved by the payment solution “Neopay”, significantly expanding its customer base. In the first quarter, consumers conducted nearly 6.5 million transactions, representing a 41% increase compared to the same period last year.

The focused financing platform “FinoMark” issued three times more business loans in the quarter, with a total amount reaching 1.5 million euros