Fellow Finance platform facilitated 8.1 million euros of loans in August
FELLOW FINANCE PLC PRESS RELEASE 1.9.2020 AT 12:15 PM
In August, Fellow Finance investors funded business and peer-to-peer loans worth of 8.1M€. Cumulative loan volume grew over 648 million euros and the total number of investors grew to 16 516. Check the real-time peer-to-peer lending statistics on our website: www.fellowfinance.com/for-investor/statistics.
The performance of business and consumer loans, intermediated by Fellow Finance, can be followed on the company's website: https://www.fellowfinance.com/for-investor/statistics. The return index takes into account payment behaviour including gained interest on invested capital, realized credit losses and the changes in the credit loss reservation.
Teemu Nyholm, Interim-CEO, Fellow Finance Plc, firstname.lastname@example.org, +358 50 577 1028
Certified advisor, Evli Bank Plc, tel. +358 40 579 6210
Fellow Finance Plc is the leading¹ loan-based crowdfunding and peer-to-peer lending platform in the Nordic countries. The company’s mission is to transform the traditional bank financing into direct lending between people and businesses. Fellow Finance has intermediated consumer and business financing of more than 645 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.
¹Measured by the amount of financing facilitated. Source: Brismo Market Data (data accessed on 1 September 2020).