The Management Board of Aforti Holding S.A. with its registered office in Warsaw (hereinafter: “the Company”, “the Issuer”) hereby informs that became aware that on 13th June 2018, Aforti Factor S.A. based in Warsaw (hereinafter: “Aforti Factor”, “the Subsidiary”) – a subsidiary of the Company received mutually signed the cooperation agreement with a company SIA ViVentor LLC based in Riga (Lithuania) (hereinafter: “ViVentor”).
The subject of the agreement is an organization of financing related to the financing of receivables purchased by Aforti Factor, which will allow to shorten the process of recovering funds as well as to more efficient development of the Subsidiary.
ViVentor has been operating a peer-to-peer loan platform since October 2015, connecting investors with lenders from the non-banking sector, enabling financing of loans for both private and institutional investors. The Viventor platform is currently used by nearly 4,400 investors from over 30 countries, mainly from Germany, the Scandinavian countries, the Baltic States and Central Europe.
Establishing cooperation between the Issuer’s Subsidiary and ViVentor is related with the implementation of the Aforti Group’s development strategy regarding the geographical expansion of its individual brands on foreign markets.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information