Profit before taxes for Q1-Q3 2022 was EUR 82 657. Loans granted in Q1-Q3 2022 totaled EUR 26.5M, or 29% more than the EUR 20.5M financed in Q1-Q3 of 2021. In Q3 2022, NEO Finance’s EBITDA and pre-tax profitability both increased by 17% and 38%, respectively, compared to the same quarter of the previous year. NEO Finance acquired the FinoMark crowdfunding platform in 2020.įinoMark, a subsidiary of NEO Finance, has seen its loan volume grow by a factor of 4.45 due to a small comparative base and a stronger focus on sales. Paskolž Klubas provides P2P lending services in Lithuania, while the NEO Finance brand provides services to EU, Free Trade Association, and European Economic Area citizens. As of Q3 2022, NEO Finance AB owned 94.13% of the shares of FinoMark UAB. NEO Finance AB operates under three different brands: Paskolų Klubas, Neopay, and FinoMark. As of July 2022, he also assumed the role of Head of Administration. NEO Finance Returns & FeesĮvaldas Remeikis is the founder & Chairman of the board at NEO Finance. In 2021 the platform started a service to buy back new A+ rated loans if the agreement is terminated with the borrower. NEO Finance’s secondary market also includes the possibility for investors to buy and sell investments in consumer credits. Automatic investment through the creation of an investment offer with specified parameters such as maximum investment amount, loan maturity, and creditworthiness of borrowers.Manual selection of loans from a list of borrower applications that includes information on the borrower's income, creditworthiness, and previous debts.NEO Finance offers two investment methods: Neopay is a licensed provider of payment initiation and account information services, and FinoMark received permission from the Bank of Lithuania to carry out crowdfunding activities in February 2021. Paskolų Klubas, operated by NEO Finance AB, is the consumer loan company of NEO Finance. NEO Finance is the largest personal loan investment platform in Lithuania.
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