Key Points:
- Investment Details:
- Finbee Verslui has secured a €35 million investment from UK private capital asset manager Pollen Street Capital.
- Headquartered in Vilnius, Lithuania.
- Company Operations:
- Operates as an online P2P lending platform.
- Provides crowdfunding solutions through Finbee for Business.
- Since 2017, it has issued over 4,500 loans to more than 3,000 small businesses.
- Financial Performance:
- Financed over €27 million in loans in 2023.
- Anticipates achieving over €40 million in new originations in the current year.
- Reports an average annual growth of 60% in loan originations over the past five years.
- CEO’s Statement:
- Tomas Mačiulaitis, CEO of Finbee Verslui, highlighted a “funding gap” due to rising customer demand.
- Previously increased liquidity using their own funds, but the new partnership will allow for faster growth.
- Impact of Investment:
- The investment will enable Finbee Verslui to finance over 1,500 businesses more quickly and on more favorable terms.
- Larger loans will now take just a few hours from contract signing to funds being available, compared to over a week previously.
- The firm will lift caps on maximum loan amounts, aligning lending capacity with actual customer needs.
- Future Plans:
- Plans to leverage the investment to address the liquidity gap and expand lending capabilities.
- Aims to meet the real borrowing needs of its customers without previous liquidity limitations.
