DGAP-News

Ferratum Capital Germany GmbH: Ferratum launches its new marketplace lending (P2P)

DGAP-News: Ferratum Capital Germany GmbH / Key word(s): Product Launch
Ferratum Capital Germany GmbH: Ferratum launches its new marketplace lending
(P2P)

28.06.2016 / 07:30
The issuer is solely responsible for the content of this announcement.

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Ferratum launches its new marketplace lending (P2P)

- Ferratum has launched peer-to-peer lending in the Czech Republic
- Attractive opportunity for investors to participate in credit
portfolios

Helsinki/Berlin, 28 June 2016 - Ferratum, a pioneer in mobile consumer
loans and small business lending, takes the next logical step and expands
into marketplace lending and investments. On its new peer-to-peer platform
www.ferratumP2P.com Ferratum connects investors and borrowers.

Ferratum's latest addition to its product range, FerratumP2P, opens up a
new source of funding independently of the company's own balance sheet.
Unlike existing marketplaces, where participants are matched on an
individual basis, Ferratum offers investments in credit portfolios, as
Jorma Jokela, founder and CEO of Ferratum Oyj, explains: "We act as sole
underwriter and bundle credit portfolios on our new platform. This enables
investors in the next step to participate in a particular portfolio instead
of a single credit which naturally helps to reduce risk." Ferratum
leverages its specific competitive advantage, especially the convenient and
fast underwriting process for borrowers. For investors the FerratumP2P
process is convenient and fast as they get access to possible returns,
diversified in a portfolio, with just few clicks.

As part of its service offering Ferratum handles all payments and collects
possible overdue payments. In addition, Ferratum guarantees to buy back
payments that are 60 days past due. Thus, the system secures 85 % of
outstanding loans for the investors. The investor's return depends on the
performance of the particular portfolio he/she is invested in. Currently
investors can participate via FerratumP2P.com in Czech consumer loans, with
an expected return of 8.9 % for a 12 Months period. The underlying loan
types will be diversified in the next months. The minimum investment amount
is 25 EUR. The loans provided on the platform usually range in between ca.
400 EUR and 1.000 EUR with a payment term of 6 to 12 months.

The timing of the new launch is convenient, given the zero interest
environment, peer-to-peer investments are in high demand. Currently
FerratumP2P is only available to retail investors but once established in