A second batch of loans will be transferred to Lendify Sweden 1 AB (publ)
The parent company of Lendify Sweden 1 AB (publ), Lendify AB, today publishes information about its operations. Pursuant to the press release made by Lendify AB, the total amount of loans originated via Lendify AB's platform during the period 2017-05-01—2017-07-31 was 170 million SEK, an increase by 106 percent compared with the preceding three-month-period. The positive development means that Lendify AB will be able to transfer a second batch of loans (of a potential maximum of three batches) to Lendify Sweden 1 AB within this week. Interest and fees on loans transferred to Lendify Sweden 1 AB (publ) generates income for Lendify Sweden 1 AB (publ). The press release made by Lendify AB, can be downloaded from: news.cision.com/se/lendify-ab
Lendify Sweden 1 AB (publ) will at a later time publish financial reports regarding its own financial condition and performance in accordance with the terms and conditions of the bonds issued by it and applicable law.
For further information, please contact:
Erika Eliasson, Chief Investor Relations Officer tel. no. +46 (0)70 999 10 70
The information contained in this press release is such information that Lendify Sweden 1 AB (publ) is required to publish in accordance with the Swedish Securities Market Act (2007:528) and/or the Swedish Financial Instruments Trading Act (1991:980). The information was submitted for publication, through the agency of the contact person set out above, on the 15th August 2017 at 7.30 am.