13 February 2020
Gofingo Group business review 2019
2019 was a year of growth for the Gofingo Group both in terms of business development and results. The Group’s business volumes have more than doubled last year in comparison with 2018.
The main statistics of 2019
In 2019, Gofingo Group companies issued 35,88 million Eur of loans – 2,4 times more than in 2018.
The number of issued loans has more than doubled in 2019 – 522 654 units of credits (including credits with prolongations) in total were issued last year. It is 2,4 times more in comparison with 2018.
Net interest income of Gofingo Group companies amounted 11,06 million Eur over the year 2019. It is 2,2 times more in comparison with the year 2018.
The total loan portfolio of the Group at the end of 2019 amounted 6,6 million Eur. At the end of 2018 the total loan portfolio amounted 2,75 million Eur.
Over the last year the number of clients has tripled and reached 990 076 registered clients.
The number of Gofingo Group employees grew up by 4 times last year and today reaches more than 150.
According to the preliminary data, a net profit of the Group estimated at 2,1 million Eur last year – almost doubled in comparison with the profit in 2018.
At the end of 2019, the equity of the Group stood at 4,1 million Eur.
Other statistics of Gofingo Group
Responsible approach to business management and investors
In 2019 Gofingo Group was focused on developing the most effective business model and performance optimization.
The Group has more than doubled in size last year. Over 100 new employees have joined Gofingo across different countries. Expanded team has increased companies’ capacity and helped to optimize operations while maintaining steady growth and profitability.
Positive energy, creativity and consistent focus on growing markets have enabled the Group to optimize processes and achieve good results that will ensure desired growth in the coming years and, most importantly, ensure security for investors, who invest in Gofingo Group loans, listed on PeerBerry platform.
The equity of the Group at the end of 2019 was 3 times higher than all the liabilities to investors, who invest in Gofingo Group loans through PeerBerry. It reflects the high level of responsibility of the Group and ability to manage long-term partnership with investors.
More about Gofingo Group
Gofingo is privately owned holding company of different consumer and business loan providers profitably operating since 2015. In 2018 Gofingo started expanding globally and in addition to Czech Republic, Lithuania, Kazakhstan and Ukraine opened businesses in Vietnam, Philippines and Russia. In 2019 Group decided to leave Denmark’s market as a result of significant changes in countries political strategy on legislation of consumer loans market.
All loan providers operate as separate entities, united through shared stakeholders and strong focus towards innovative FinTech solutions as well as big data analysis for effective risk management.
Gofingo stakeholders have over 20 years of proven track record in banking and lending. Their vision and passion for state of art FinTech, highest quality customer service, lifetime learning and full transparency are shared across all Gofingo companies starting with senior management and employees, all the way to their customers. More information here.