Fellow Finance expands the product offer in the Polish market

FELLOW FINANCE PLC PRESS RELEASE 23.4.2021 AT 12:30 PM

Fellow Finance expands the product offer in the Polish market. In addition to the currently available consumer loans, Fellow Finance rolls out its business finance service for small and medium-sized enterprises (SMEs). Now Polish companies will have an opportunity to fund their invoices easily and conveniently through Fellow Finance platform. This will help businesses to increase the financial liquidity and release the working capital.

“After a successful implementation of business lending products together with promising volume growth history in Finland – Poland was our natural choice to scale the business finance service further. We see a lot of potential and opportunity for our product offering in Poland given the high number and rapidly growing level of SME activity in the country. This product expansion is perfectly in line with our strategic goals to increase the volumes of company financing, repeating revenue generating low risk products and focus our international expansion to selected existing markets”, says Teemu Nyholm, CEO of Fellow Finance.

“We can observe a significant rise of interest among lenders in SME sector for some time now as well as a growing demand of flexible and easy-to-use invoice funding options from the Polish SMEs. Especially invoice funding is a relatively new but growing service in Poland for SMEs and we are convinced, that with our flexible and proven solution we are able to attract large number of customers. There is a lot of organic growth in this segment and I believe we are able to be part of this by having a competitive offer for our clients”, says Aleksander Rutkowski, Managing Director of Fellow Finance Poland.

Further enquiries

Teemu Nyholm: CEO, Fellow Finance Plc, teemu.nyholm@fellowfinance.fi, tel. +358 50 577 1028

Certified advisor: Evli Bank Plc, tel. +358 40 579 6210

Fellow Finance Plc is a loan-based crowdfunding and peer-to-peer lending platform. The company’s mission is to transform the traditional financing and payments to direct transactions between people and businesses. Fellow Finance has intermediated consumer and business financing of more than 700 million euros in Finland, Sweden, Denmark, Germany, Poland and Czech Republic and served more than 950 000 customers. The company is regulated by the Financial Supervisory Authority of Finland as an Authorized Payment Institution and listed on the Nasdaq First North Growth Market Finland. www.fellowfinance.com

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