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Ferratum Capital Germany GmbH: Ferratum launches its new marketplace lending (P2P) - Seite 2
additional countries it can be offered for institutional investors as well.
Jokela on the relevance of P2P Lending for Ferratum: "This is an important
strategic step for us, as marketplace lending is not limited by balance
sheet restrictions. This allows us to develop the lending product
portfolio, comprising higher volume and longer term credits in the very
near future."
Peer-to-Peer lending is already a very established asset class with
FinTechs playing a major role in establishing this market. Institutional
investors have been using consumer loans for decades, not only to generate
attractive returns, but also to diversify investments from bonds and
stocks. It helps to reduce portfolio risk, as consumer loans correlate only
marginally with most other asset classes.
About Ferratum Group:
The Finnish Ferratum Group, a pioneer in mobile consumer loans in Europe
offers short-term consumer loans for private customers. Ferratum's
customers can utilize digital media to apply for consumer credit in amounts
varying between EUR 25 and EUR 3,000. Moreover, Ferratum offers successful
small businesses installment loans with a term of six to twelve months.
Managed by its founder Jorma Jokela, Ferratum has expanded rapidly since it
was founded in 2005: Ferratum has more than 1.3 million active and former
customers who have been granted one or more loans in the past and 3.9
million total user accounts in its database (as of 31 March 2016). Ferratum
is represented in 23 markets. The IPO in February 2015 was followed by the
introduction of the Ferratum shares to the SDAX index in June 2015.
Contacts:
Ferratum Group
Dr. Clemens Krause, CFO
T: +49 30 88715308
F: +49 30 88715309
M: clemens.krause@ferratum.com
Ferratum Group
Paul Wasastjerna
Head of Investor Relations
T: +358 40 7248247
F: +358 20 741 1614
M: paul.wasastjerna@ferratum.com
cometis AG
Henryk Deter | Maximilian Breuer
T: +49 611 20 58 55-22
F: +49 611 20 58 55-66
M: breuer@cometis.de
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