News

31

October

Interim financial information for 2022 Q3

Please find attached interim information for the Q3 2022 of NEO Finance AB (hereafter – the Company) – sales results and unaudited financial data. The company’s EBITDA for the first nine months of 2022 was EUR 299 785, while in the first nine months of 2021 this figure was 434 813 EUR. The negative change was caused […]

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3

October

The Neopay platform has already initiated over €1 billion in payments this year

NEO Finance AB, which provides payment initiation service (PIS) under the Neopay brand, has reached a new record by initiating more than €1 billion in payments this year through Neopay even before the end of the third quarter. As an e-payments partner, Neopay will start the last quarter of the year with not just €1 […]

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18

August

Portfolio of active loans on the Paskolų Klubas platform exceeds €50 million

The Paskolų Klubas peer-to-peer lending platform, administered by NEO Finance AB, which began 2022 with a €44 million portfolio of active loans, in mid-year reached the landmark portfolio size of €50 million. The goal is by year-end to have more than €55 million in the portfolio. This P2P lending platform, which was the third to […]

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29

July

NEO Finance AB interim financial information for H1 2022

NEO Finance AB Interim information Please find attached interim information for the H1 2022 of NEO Finance AB (hereafter – the Company) – sales results and unaudited financial data. In the first half of 2022, NEO Finance AB continued to increase the volume of issued loans. In the first half of 2022, the platform funded […]

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27

July

Regarding the change of the Head of Administration of NEO Finance, AB

NEO Finance AB Notification on material event The meeting of the Board of Directors of NEO Finance, AB (code 303225546, address A. Vivulskio st. 7, Vilnius, hereinafter – the Company) held on 26 July 2022 made following decisions: 1. Taking into account the request of Paulius Tarbūnas and in accordance with paragraphs 37.3 and 37.5 […]

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18

May

Enlight Research presents second review of NEO Finance AB

NEO Finance AB Other information NEO Finance AB was included on the list of companies tracked by the investment research firm Enlight Research at the end of 2021. Today Enlight published its second report on the company. “Still growing fast” is how Enlight characterizes NEO Finance AB in its May 2022 research report, which offers […]

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29

April

NEO Finance AB interim financial information for 2022 Q1

NEO Finance AB Interim information Please find attached interim information for the 2022 Q1 of NEO Finance AB (hereafter – the Company) – sales results and unaudited financial data. In the first quarter of 2022, NEO Finance AB continued to increase the volume of issued loans. In the first quarter of 2022, the platform funded […]

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31

March

NEO Finance, AB annual report for 2021 and commentary on the change in net result

NEO Finance AB Annual information Please find attached annual report for the year 2021 of NEO Finance, AB (hereafter – the Company) – audited financial statements, the management report, the statement by the responsible persons and independent auditor’s report. In 2021, NEO Finance, AB continued to increase the volume of granted loans. In 2021, the […]

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15

February

NEO Finance AB interim report and unaudited financial statements for the 12 months of 2021

NEO Finance AB Interim information In 2021, the sales revenue of NEO Finance AB (hereinafter – the Company) grew 36% and amounted to EUR 3 371 841. The Company’s cost of sales increased 11% in the year to EUR 1 767 260, while general and administrative expenses rose 61% to EUR 1 483 284. Net profit […]

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21

January

NEO Finance AB sales report for fourth quarter of 2021

NEO Finance AB Notification on material event The fourth quarter of 2021 was turbulent and intense for the company: the last EUR 400 K bond issue of the EUR 1.1 M of bonds issued in 2018 was redeemed; Paulius Tarbūnas, who previously led the company’s Open Banking Department, was appointed as CEO; Enlight Research published […]

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17

December

Regarding the change of the head of administration of NEO Finance, AB

NEO Finance AB Notification on material event NEO Finance, AB (code 303225546, address A. Vivulskio st. 7, Vilnius, hereinafter – the Company) has previously announced that pursuant to Republic of Lithuania Law on Electronic Money and Electronic Money Institutions and Resolution of the Bank of Lithuania No. 03-181 “On The Approval Of The Guidelines For […]

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14

December

Enlight Research initiate coverage on NEO Finance AB. Enlight Research initiate equity research coverage on NEO Finance AB. In the future, Enlight Research aims to publish two reports per year on NEO Finance AB.

Enlight Research initiate equity research coverage on NEO Finance AB. The report can be downloaded for free on the Enlight Research website or following the link below. In the future, Enlight Research aims to publish two reports per year on NEO Finance AB. “We always aim to provide transparent and comprehensive information to our investors, […]

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29

September

Asset management company nordIX AG acquires a loan portfolio from NEO Finance for 950K EUR

Asset management company nordIX AG acquires a loan portfolio from NEO Finance for 950K EUR NEO Finance AB Notification on material event After successfully cooperation started between NEO Finance and the German fixed income asset manager nordIX on August, during which nordIX undertook to invest at least 3 million in the loan portfolio formed by […]

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12

August

German fixed income asset manager “nordIX” will invest at least 3 million Euro in “NEO Finance” loan portfolio using “Chartered Opus” securitization capacity

The Hamburg based asset management company “nordIX” AG has launched a consumer finance fund in April to invest into consumer loans across Europe. Using Luxembourg based securitization company “Chartered Opus” “NordIX” has committed to invest at least EUR 3 million in the consumer loan portfolio formed by Lithuanian fintech startup “NEO Finance” AB. The Germany-based […]

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18

May

NEO Finance has joined SEPA Instant Credit Transfer scheme

NEO Finance, AB, is starting to provide customers with an instant payment service (SEPA Instant Credit Transfer). Instant payments will allow to transfer money in a few seconds from an electronic money account opened in NEO Finance to account on another financial institution which either are using instant payments, as well as, to accept them […]

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17

February

A subsidiary of “NEO Finance”, AB – the operator of the crowdfunding platform FinoMark – is now accepting applications for business loans

The rapidly expanding alternative financing market has been supplemented by a new participant – FinoMark, UAB, legal entity code – 305538582, registered office address Ulonų st. 5, LT-08240 Vilnius, (hereinafter referred to as FinoMark), 100% of the shares of which belong to NEO Finance, AB. FinoMark has been included in the Public List of Crowdfunding Platform […]

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