Subsidiaries of Aforti Holding S.A., the parent undertaking of the Capital Group providing financial services for the SME sector and listed on NewConnect market, presented their estimated operational and sales results for June 2018. Aforti Group maintained its upward trend.
Aforti Finance S.A. provided 35 loans totalling PLN 3.47 million, which constitutes an increase by 1.40% vs. the analogous period in 2017.
The turnover on the currency exchange platform generated in Poland and Romania by companies from the Aforti Exchange Group amounted to EUR 25.6 million and was by 354.73% higher y/y.
In June 2018, the nominal value of debt collection orders of Aforti Collections S.A. slightly slightly exceeded PLN 1.04 million and decreased by 21.15% year over year.
The youngest of the companies, Aforti Factor SA, operating in the factoring sector, financed last month the receivables exceeding PLN 2.47 million.
From the beginning of the year until June, Aforti Finance S.A. provided entrepreneurs with 308 loans (more by 45.28% y/y) totalling PLN 32.67 million, which is an increase by 136.62% y/y. At the same time, 1,970 entrepreneurs (an increase by 100.61%) applied for a loan, submitting their applications for the total amount of over PLN 244 million (an increase by 280.73%).
“One month after another, the financial results recorded by lending businesses are getting better and better. We regularly improve our decision-making processes concerning the provision of a loan or specific stages of Customer service. Moreover, we intensify marketing campaigns, which have already brought about tangible results. We are glad that we one month after another we help more and more entrepreneurs expand their businesses”, says Klaudiusz Sytek, the President of the Management Board of Aforti Holding S.A.
In June 2018, Aforti Collections S.A. continued to search for and obtain new contracts as well as reconstruct its structures.
“In the last months, we were mainly focused on the extension of a new structure of our business. We have made staff changes and proceed with marketing action. In the future we plan to further remodel our commercial department. Thanks to our efforts, we’ve already observed the first results in the form of a 43.75% increase in the number of new contracts. We expect this tendency to continue in the months to come”, says Klaudiusz Sytek
Aforti Factor S.A., which conducts operating activities from the beginning of this year, financed debts totalling PLN 8.76 million during the first six months of the year. At the same time, the company established cooperation with ViVentor – a Latvian peer-to-peer platform.
“The results obtained by Aforti Factor are buoyant and show that we are able to do a lot in a short period of time. A large success was achieved in June when we established and began cooperation with ViVentor. The first weeks of cooperation and a general interest in debt acquisition are very positive, which allows us to think about further cooperation”, summarises President of the Management Board of Aforti Holding S.A.
June 2018 was a successful month for Aforti Exchange S.A., which runs an online currency exchange platform. Entrepreneurs using the platform concluded currency exchange transactions totalling almost EUR 112.12 million between the beginning of January and the end of May 2018, which is an increase by 239.25% in relation to 2017.
Meanwhile, Aforti Exchange Romania S.A. reported an equally impressive turnover of EUR 19.71 million in the same period (almost EUR 4 million more than in the previous month).
“In June this year, Aforti Exchange set other records. The increase in the platform’s revenue is impressive. We’re trying to keep this trend through our marketing campaigns. We are also more and more present in the most trade conferences. Recently we were invited to Fintech World Forum which was held in London. Our presentation aroused a considerable interest of the investors and entrepreneurs taking part in the conference. In June, we also took part in a discussion panel on Fintechs during the FinTech Fair in Wrocław”, says Klaudiusz Sytek, the President of the Management Board of Aforti Holding S.