Aforti Holding continues increases in November. 33 million PLN of loans granted and EUR 77 million of turnover on the currency exchange platform from the beginning of the year.

The Aforti Holding Group, which provides financial services for the SME sector, presented operational-sales results for November 2017. The value of loans granted by Aforti Finance amounted to nearly PLN 5 million, and submitted applications are worth PLN 20.1 million. In November turnover of Aforti Exchange on the currency exchange platform amounted to EUR 8.5 million. The nominal value of debt collection orders recorded by Aforti Collections amounted to PLN 2.2 million.

Aforti Finance, which offers microloans for the SME sector, in November granted loans worth PLN 4.9 million PLN as compared to PLN 245.4 thousand in the same period of the last year. Last month, the company accepted 241 loan applications for the total amount of PLN 20.1 million – last November the company received 37 applications worth PLN 1.8 million.

The stable development in this business area results in a dynamic increase in quantities and values of submitted loan applications. From the beginning of the year the value of granted loans amounted to nearly PLN 33 million, and the value of submitted applications reached PLN 164.2 million

“Aforti Finance continued its dynamic growth. in November We consistently pursue our sales policy under which we focus mainly on corporate clients. The range of products designed for business is constantly extended, thanks to which a group of our potential customers increases. Our sales results are the best reflection of how effective our sales policy is” – says Klaudiusz Sytek, the President of Aforti Holding S.A.

Aforti Exchange, which provides currency exchange services via the online platform in November reached turnover worth EUR 8.5 million, which is a significant increase as compared to EUR 3.1 million in the same month of the last year. In eleven months of 2017 the cumulative turnover amounted to over EUR 77.0 million.

“In November we continued an intensive development of operations on the Romanian market. We were consistently implementing sales activities in Poland as well, thanks to which we managed to achieve more than 175% increase in the value of turnover on our platform as compared with November 2016” – says Klaudiusz Sytek.

Aforti Collections providing debt collection services recorded the nominal value of orders of PLN 2.2 million as compared to PLN 7.3 million in the same period of the last year. Number of received debt collection orders amounted to 351. From the beginning of the year the value of orders reached PLN 23.2 million.

“November was very intensive for Aforti Collections. We also purchased another portfolio of corporate liabilities and started to participate in tenders for purchase of subsequent portfolios. Of course, we regularly select offerings in which we participate, because we want our portfolios to be of the highest quality. Our goal is to obtain the possibly maximum recovery rate. We consistently implementing a plan of repayments from the purchased portfolio of liabilities. Considering that the scale of operations of Aforti Collections is constantly growing, we decided to begin expansion of the operations centre in Wrocław” – Klaudiusz Sytek.

Aforti Holding financial group published in November results for the third quarter of 2017. The group reported more than PLN 46.5 million of consolidated revenue. This is a result almost three times higher as compared to the same period of the last year. The consolidated net profit of the Group amounted to PLN 323.2 thousand and was by 68% higher than in the same months of 2016.

Aforti Finance starts cooperation with Viventor peer-to-peer lending platform

Aforti Finance rendering financial services for the SME sector, has established on Monday November 20^th 2017 a partnership with peer-to-peer lending platform Viventor. Viventor platform currently cooperates with nine lenders from the non-banking sector from Lithuania, Bulgaria, Spain, Netherlands and Sweden.

The peer-to-peer lending platform Viventor is one of the fastest growing companies of its kind in Central and Eastern Europe. Thanks to the cooperation with Viventor Aforti Finance will gain a new way of refinancing loans, which will effectively increase the scale of financing of micro and small businesses in Poland – declared CEO Aforti Exchange S.A., Klaudiusz Sytek

Aforti Finance offers its services throughout Poland. The company belongs to the Financial Group Aforti Holding S.A. which is listed on the Alternative Market New Connect from the Stock Exchange in Warsaw. After three quarters in 2017, consolidated revenues of the Group amounted to 29 million EUR and the net profit 267 mii EUR. At the end of the third quarter of 2017 the total assets of the Group exceeded 17.5 mln. EUR.

Viventor is a peer-to-peer lending platform from Riga which began operations in October 2015. Viventor connects investors with non-banking sector lenders allowing to finance loans both to private and institutional investors. On the Vivendor platform the investors can finance, among others mortage loans and long-term consumer loans.

Viventor platform is currently used by nearly 4000 investors from more than 30 countries mainly from Germany, Scandinavia, the Baltic states and Central Europe.  Throughout Viventor platform has been financed 30 EUR million loans.

Establishing a partnership with Vivendor loan platform is one of the elements of the Aforti Group`s development strategy which assumes diversification of funding sources and thus increase the availability of products and services.

Aforti Holding recorded nearly 3 times revenue growth in the third quarter of 2017

In the third quarter of 2017 Aforti Holding Group generated 46.5 million in revenues – almost 3 times more than in the same period of the last year. The consolidated net profit of the Group amounted 323 200 Zloty and was 68% higher than in the corresponding month of the last year. In the past quarter the Group has once again achieved operating profitability.

In the third quarter of 2017 Aforti Holding Group generated 46.5 million Zloty consolidated sales revenue. In comparison to the same period of 2016 represents an increase of almost 3 times. Consolidated net profit of the Group amounted to 323 200 Zloty and was 68% higher than in the same period previous year. The Group focused in the past quarter on intensifying its sales activities which resulted in record revenues. In parallel, the Management Board has been working to optimize fixed costs and improve the profitability of the products and services offered. The third quarter of 2017 was the second consecutive one in which the Group achieved operating profitability.

At the end of September, the Group’s assets amounted to 74.2 million Zloty in comparison to 30.7 million Zloty at the end of September 2016.

“The third quarter represents the dynamic development of the Group and the next period in which we had record revenues. Maintaining this positive trend in recent quarters is a confirmation of our business strategy. We are on the good way to achieve durable operating profitability as in the third quarter we generated once again positive operating profit” said Klaudiusz Sytek, CEO of Aforti Holding S.A.

Further dynamic development is visible in the company offering loans to the SME sector – Aforti Finance. In the reported period it granted 9.8 million Zloty loans against 825 thousand Zloty in the third quarter of 2016. In July-September 2017 were submitted 640 loan applications totaling 58.7 million Zloty. In the mentioned period the Management continued to develop the existing sales network as at the end of the quarter there were already 7 sales offices. The company is also expanding its range of products dedicated to small companies. In recent months, marketing efforts have also been done on the Internet aiming to attract more potential borrowers.

Aforti Exchange which operates an online currency exchange platform, reported a 22.9 million euro turnover against 7.9 million euros in the same period of 2016. In the third quarter of this year, more features were introduced on the currency exchange platform and the sales policy focused on small and medium enterprises as the main users of the website www.afortiexchange.pl. In recent months the process of building a sales network in Aforti Exchange Romania S.A.

In the third quarter of this year Aforti Collections, company dealing with debt collection and offering services in corporate finance has raised 6.3 million Zloty worth of cases with almost 2.3 thousand debt collection orders.

Aforti Holding Group publishes its sales and operational performance data for October – Zloty 28 million loans granted and EUR 69 million turnover on the currency exchange platform since the beginning of the year

Aforti Holding Group rendering financial services for the SME sector, published its performance data for October 2017. In the last month Aforti Finance issued 4.3 million-worth loans Zloty. The value of the loan applications filed reached 21.1 million Zloty. In October Aforti Exchange running a currency exchange platform recorded turnover of EUR 12.6 million. This figure constitutes an improvement by 115% when compared do April 2016. The nominal value of the collection orders recorded by Aforti Collections generated 0.3 mln. Zloty.

Aforti Finance, granting microloans to the SME sector, granted loans in October in total amount of 4.3 million Zloty, in comparison t0 194 400 Zloty in the analogous period of the previous year. Last month, the company accepted 240 loan applications for the total amount of 21.1 million Zloty – in October previous year 39 applications were submitted to the company for an amount of 1.3 million Zloty.

Continuous development in this business area results in a dynamic increase in the number and value of the submitted loan applications. Since the beginning of the year, the value of granted loans amounted to almost 28 million Zloty and the value of the submitted applications reached the level of 143,9 million Zloty.

Aforti Finance is dynamically developing and increasing its visibility – in the past month we started our first marketing network activities which complements the operations of our own branch network throughout Poland. As we see increasing interested in our financial products, we focus on selling and expanding our portfolio of products for companies – said Klaudiusz Sytek, Președinte Aforti Holding S.A.

Aforti Exchange, which provides its customers online currency exchange services, had a turnover in October of 12.6 million EUR and a significant increase compared to 2.9 million EUR in the same month last year. In the first ten months of 2017 total turnover was over 68.5 million EUR.

October was for Aforti Exchange an intense period of activity on the Romanian market: there were training sessions for the team on the mentioned market, since the beginning of November there are 5 Regional Sales Managers and one Country Manager. Intensive organizational work has not prevented us from achieving another record in terms of turneover on the currency exchange platform – says Klaudiusz Sytek.

Aforti Collections rendering comprehensive debt collection services reported 0.3 million Zloty in nominal value of the debt collection, compared to 1 million in the same period of the last year. The number of debt collection accepted orders reached 573. Since the beginning of the year, the value of orders reached 21.1 million Zloty.

Aforti Collections consistently implements a repayment plan from a purchased debt portfolio to maximize recovery. We are selectively dealing with new customers – we care about the highest possible quality of the wallets. In October we participated in several auctions, while the optimal from our point of view, price was lower and did not allow us to win – Klaudiusz Sytek.

In the second quarter of 2017, the financial group of Aforti Holding reported over 41.9 million Zloty of consolidated revenues. This is a result three times higher compared to the same period last year. The Group’s consolidated net profit amounted to 424.1 thousand Zloty and was by 52.6% higher than in the corresponding months of 2016. In the past quarter the Group achieved operating profitability.

About Aforti Capital Group:

Aforti Holding is a financial Group dedicated to small and medium-sized enterprises as well as micro-businesses. It provides top quality comprehensive services in the scope of personal finances and managing enterprises’ finances. The services on Group’s offer are addressed to both individual clients as well as experienced investors and medium-sized firms searching for optimal forms of financing their businesses and development plans.

Aforti Holding S.A. serves as a holding company for two key entities which offer complementary services to clients with broad portfolio spectrum as well as for Aforti Ac Sp. z o. o. conducting bookkeeping and accounting activity for other entities of the Group. Additionally, it renders marketing, legal and IT services for the said companies. Since 2011 it has been listed on alternative trading system on the New Connect market.

Vigorously developing Aforti Finance S.A. offers micro-loans to entrepreneurs. Aforti Finance comprises highly experienced professionals who have worked with both individual clients as well as enterprises. They have specialist qualifications in the area of sales of financial instruments.

Aforti Exchange Sp. z o. o. is a company providing foreign exchange services via an online platform. The operator renders services of exchanging nine foreign currencies. Aforti Exchange uses the growing trend, which shows that entrepreneurs importing and exporting goods and services seek cost savings connected with transactions in foreign currencies. Internet foreign exchange, currency exchange online platforms – that is an alternative to bank platforms which influences cost rationalisation of transactions in foreign currencies.

Aforti Collections S.A. specialises in managing receivables with the use of a wide range of debt collection tools. Its core activity is the management of the receivables and debt collection, as well as acquiring and servicing debt portfolios. Aforti Collections offer includes such services as payment monitoring or amicable and judicial debt collection; it also purchases debt portfolios. The offer is addressed to the SME sector, entities rendering B2B services, banks and loan institutions, insurance agencies, as well as telecommunications operations, and internet service providers.

In September Aforti Holding multiplied the value of the loans issued and again reported record turnover at the foreign exchange platform

Aforti Holding Group, which renders financial services for the SME sector, presented its operational and sales performance for September 2017. Loans issued in the period by Aforti Finance were worth PLN 3.1 million and the value of the applications filed reached PLN 18.7 million. In September, Aforti Exchange had a turnover of EUR 9.9 million at the foreign exchange platform. Aforti Collections  dealt with debt recovery cases worth PLN 0.9 million.

In September, Aforti Finance, which offers micro-loans for the small and medium-sized enterprises sector, issued loans in the total amount of over PLN 3.1 million, against PLN 248.8 thousand in September 2016. There were 213 applications filed in this period for the total amount of PLN 18.7 million, whereas in September 2016 there were 77 applications filed for the amount of PLN 2.7 million.

Persistent development in this business area bring about a dynamic increase in the number and value of the credit applications filed. Since the beginning of the year the value of the loans issued reached PLN 23.6 million, and the value of the applications filed reached PLN 122.7 million.

Aforti Finance consistently implements its sales policy and works on expanding its own branch network all over Poland. In the last weeks we focused on the sales and broadening the portfolio of products for companies as we can observe a growing interest in such financial products. Klaudiusz Sytek, the Presitent of aforti Holding S.A. explains.

 Aforti Exchange running an online foreign exchange platform reported EUR 9.9 million turnover in September, which constitutes a significant increase when compared to EUR 2.8 million reached in the same month last year. In six months of 2017 the total turnover amounted to EUR 56.1.

The fact that our Regional Sales Directors team has grown to 8 persons already, of course among other things, resulted in another record at Aforti Exchange foreign exchange platform. The turnover was considerably higher when compared both to September 2016 and the previous month of this year i.e. by 29%. Klaudiusz Sytek says.

Aforti Collections rendering debt collection services has contracted to deal with 334 debt collection cases worth PLN 0.9 million, whereas in August the value reached PLN 2.6 million. Since the beginning of the year, the value of debt collection cases reached PLN 20.7 million.

“In the last weeks we concentrated on the execution of the payment plan of the purchased portfolio of receivables in order to maximise the recoveries. We have a selective approach to commencing cooperation with new clients, we care about possibly the highest possible quality of the portfolio. In September we participated in a few tenders, yet the price we offered, which was in our opinion the optimal amount, turned out to be lower than the winning offer. ”, Klaudiusz Sytek.

Aforti Holding financial Group reported PLN 41.9 million of consolidated income in 2Q 2017. The figure is triple the amount reached in the analogous period in 2016. Consolidated net profit of the Group amounted to PLN 424.1 thousand and was by 52.6% higher that the profit in the same months last year. In the quarter the Group reached EBIT margin (operating profit) level.

About Aforti Capital Group:

Aforti Holding is a financial Group dedicated to small and medium-sized enterprises as well as micro-businesses. It provides top quality comprehensive services in the scope of personal finances and managing enterprises’ finances. The services on Group’s offer are addressed to both individual clients as well as experienced investors and medium-sized firms searching for optimal forms of financing their businesses and development plans.

Aforti Holding S.A. serves as a holding company for two key entities which offer complementary services to clients with broad portfolio spectrum as well as for Aforti Ac Sp. z o. o. conducting bookkeeping and accounting activity for other entities of the Group. Additionally, it renders marketing, legal and IT services for the said companies. Since 2011 it has been listed on alternative trading system on the New Connect market.

Vigorously developing Aforti Finance S.A. offers micro-loans to entrepreneurs. Aforti Finance comprises highly experienced professionals who have worked with both individual clients as well as enterprises. They have specialist qualifications in the area of sales of financial instruments.

Aforti Exchange Sp. z o. o. is a company providing foreign exchange services via an online platform. The operator renders services of exchanging nine foreign currencies. Aforti Exchange uses the growing trend, which shows that entrepreneurs importing and exporting goods and services seek cost savings connected with transactions in foreign currencies. Internet foreign exchange, currency exchange online platforms – that is an alternative to bank platforms which influences cost rationalisation of transactions in foreign currencies.

Aforti Collections S.A. specialises in managing receivables with the use of a wide range of debt collection tools. Its core activity is the management of the receivables and debt collection, as well as acquiring and servicing debt portfolios. Aforti Collections offer includes such services as payment monitoring or amicable and judicial debt collection; it also purchases debt portfolios. The offer is addressed to the SME sector, entities rendering B2B services, banks and loan institutions, insurance agencies, as well as telecommunications operations, and internet service providers.