Another good quarter for Aforti Holding S.A. Capital Group

We leave the first quarter of 2016 behind us. It was a watershed moment for the finance industry and one in which Aforti Capital Group generated more than PLN 11.4 million in revenue – more than the whole of 2014! The quarter was closed with nearly PLN 0.555 million in consolidated net profit. As one of few financial entities listed at the Warsaw Stock Exchange and New Connect, we finished the quarter at a level similar to last year’s, which should be considered success in the context of unfavorable sentiments toward financial institutions and significant shifts in the regulatory makeup. Maintaining this positive trend and continued perfecting of our offer is our recipe for success in 2016! …

Aforti Finance begins cooperation with Mintos, the peer-to-peer lending marketplace

On Tuesday, March 29 the peer-to-peer lending marketplace Mintos began cooperation with the non-bank lender Aforti Holding, which provides loans to small and micro entrepreneurs across Poland. Currently, Mintos cooperates with nine non-bank lenders from Czechia, Estonia, Georgia, Latvia, Lithuania and Poland.

“By using a peer-to-peer lending model, we made financing more accessible to both individuals as well as small and micro enterprises. In the last year, we have financed more than EUR 20 million in loans through our platform. With each month our capacity grows,” points out Martins Sulte, CEO of Mintos, the lending platform.

The average loan Aforti Finance will provide through Mintos is valued between EUR 1.200 and EUR 12.000, with a repayment period of three to 12 months. Forecast mean interest will amount to nine to 11.5%.

“Mintos, the peer-to-peer lending marketplace, is one of the region’s fastest developing companies in terms of technology. Through cooperation with Mintos, we will acquire new means of financing our loans, a this in turn will let us lend more to micro and small enterprises in Poland,” says Aforti Finance CEO, Klaudiusz Sytek.
Aforti Finance offers its services to four regions across Poland: Central Poland, Pomerania, Greater Poland and Silesia. The Company is part of Aforti Holding S.A., listed on Warsaw Stock Exchange’s alternative marketplace, NewConnect. In 2015 the consolidated revenue of Aforti Holding Group reached EUR 10.2 million and the company made EUR 136 thousand in net profit.
Mintos is a peer-to-peer lending marketplace from Riga. It launched in January 2015. Mintos brings together investors with non-bank lenders and provides opportunities for financing non-bank loans to private and corporate investors. Mintos makes it possible to finance company loans, car loans, invoices, mortgages and consumer loans.

More than 5,000 investors from 40 countries across the globe use Mintos. In the last year more than EUR 20 million in loans was financed through the Mintos platform.

Launch of AFORTI MICROLOANS Closed-End Non-Public Asset Investment Fund

Aforti Holding S.A. launched AFORTI MICROLOANS, a closed-end, non-public asset investment fund. The fund is managed in AgioFunds TFI S.A., the licensed investment fund association. …

Increase of Aforti Finance S.A. capital

As follows from the planned growth strategy, Aforti Finance S.A. has completed the process of decapitalization of the Company in a bid to increase the Company’s equity and to finance its loan operations. As a result of the takeover of new shares in the increased capital by the main stakeholder, Aforti Holding S.A., the share capital of the Company upon registration at the KRS will grow to PLN 7,556 thousand.

Summary IVQ 2015 the Group Aforti Holding S.A. capital

The fourth quarter of 2015 has drawn to an end – another quarter of executing the Group’s new strategy focusing on products for the SME segment. It was a quarter of record-high sales revenue and positive profit. In Q4 the group raked in almost PLN 13.8 million – much more than in the whole of 2014 and a 39% increase over Q3 2015. The Group’s sales revenue gained 284% YOY. Group activity focuses on boosting sales in subsidiaries. The quarter closed with almost PLN 0.590 million of consolidated net profit, i.e. almost 428% more than in the whole of 2014. …