Ferratum Oyj: Ferratum Group enters strategic partnership with Interswitch in Nigeria

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DGAP-News: Ferratum Oyj / Schlagwort(e): Kooperation
Ferratum Oyj: Ferratum Group enters strategic partnership with Interswitch
in Nigeria

06.10.2017 / 07:30
Für den Inhalt der Mitteilung ist der Emittent verantwortlich.

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Ferratum Group enters strategic partnership with Interswitch in Nigeria

Helsinki, 6 October, 2017 - Ferratum Oyj (ISIN: FI4000106299, WKN: A1W9NS)
("Ferratum"), is pleased to announce the launch of Microloan in Nigeria in
partnership with Interswitch Limited ("Interswitch").

Nigeria is the largest economy in Africa with the largest population of
around 180 million people. It is projected to have 128 million households
with discretionary income and a consumer-spending base rising to EUR 1.2
trillion by 2020.

The Nigerian economy has traditionally been cash driven but is now
experiencing exponential growth in mobile money transactions, from an
average monthly transaction value of USD 5 million in 2011 to USD 142.8
million in 2016. This can be attributed to a surge in e-commerce and smart
phone penetration. Smart phone penetration in Nigeria was estimated to be
28% in 2016 with 76% of all internet traffic routed through mobile phones.
This makes Nigeria one of the world's most mobile connected countries.

Interswitch, based in Lagos, builds and manages transaction infrastructure
and provides secure electronic payment solutions. All Nigerian banks are
connected to Interswitch, making the company the most accessible e-payment
network in Nigeria.

Introducing a new Interswitch Lending Services Platform, Interswitch has
partnered with five leading banks and three innovative credit providers,
including Ferratum. The platform offers proprietary credit analysis, risk
scoring and management technology that members of the partnership can use to
access customers who do transactions on the Interswitch network.

Ferratum brings its strengths in predictive big data analytics and automated
credit risk scoring to this partnership, while Interswitch will handle
customer support and marketing of Ferratum Microloans through its various
sales channels and platforms.

Ferratum will initially offer Microloan amounts of between NGN 1,000 and NGN
10,000 (approximately EUR 2.70 to EUR 27.00) to customers of Interswitch who
are resident in Lagos. The National Population Commission of Nigeria
estimated the population of Lagos to be 21 million in 2016, which makes it
the largest city in Africa. A testament to Nigeria's potential was its
selection by Goldman Sachs as one of the "Next 11" countries, which will
have an impact on the global economy.

Ferratum Group founder and CEO, Jorma Jokela, commented:

"Entering the African market is an important milestone in our international
growth strategy. Interswitch is an established and well respected financial
company, leading the way in creating innovative ways to transact using
digital technologies in Africa. This partnership is a further step towards
Ferratum providing accessible credit globally for any individuals or
businesses who are underserved by traditional banks and mainstream finance.

For the expansion of Ferratum into the African continent, the shared
commitment of Ferratum and Interswitch to promote financial inclusion makes
this partnership all the more compelling."



About Ferratum Group:

Ferratum Group is an international provider of consumer and small business
loans, distributed and managed by mobile devices. Founded in 2005 and
headquartered in Helsinki, Finland, Ferratum has expanded rapidly to operate
in 25 countries. Ferratum's customers utilize digital media to apply for
consumer credit in amounts up to EUR 20,000 and small businesses instalment
loans up to EUR 100,000 with a term of six to twelve months.

As a pioneer in digital lending and mobile financial services technology,
Ferratum is at the forefront of the digital banking revolution. Ferratum
Mobile Bank, launched in 2016, is an innovative mobile banking platform
offering a range of banking services, including real time digital payments
and transfers, within a single app. It is currently available in five
European markets. Led by its founder, Jorma Jokela, Ferratum has more than
1.7 million active and former customers who have been granted one or more
loans in the past (as at June 30, 2017).

Ferratum Group is listed on the Prime Standard of Frankfurt Stock Exchange
under symbol 'FRU.' For more information, visit www.ferratumgroup.com.

About Interswitch Limited:

Interswitch is an Africa-focused integrated digital payments and commerce
company that facilitates the electronic circulation of money as well as the
exchange of value between individuals and organisations on a timely and
consistent basis.

Interswitch is the owner of Verve, Nigeria's most used payment card,
accounting for 18 million of the 25 million cards in circulation in the
country. Interswitch also recently acquired VANSO, a mobile-focused
technology provider to banks. This new acquisition will result in VANSO's
mobile banking, SMS and security businesses being fully integrated into
Interswitch's digital commerce and technology operations in Nigeria, and
across Africa.

Interswitch currently operates in Nigeria, Gambia, Kenya and Uganda with
plans to expand into more markets in the Eastern part of the African
continent. For more information, visit: www.interswitchgroup.com.

Contacts:

   Ferratum Group Dr. Clemens     European media enquiries: Edelman.ergo,
   Krause, CFO T: +49 30          A Daniel J Edelman Company Alexander
   88715308 F: +49 30 88715309    Schmidt | Andreas Martin T: +49 69 27 13
   E:                             89 26 E:
   clemens.krause@ferratum.com    Alexander.Schmidt@edelmanergo.com E:
                                  Andreas.Martin@edelmanergo.com
   Ferratum Group Paul            UK media enquiries: Smithfield, A Daniel
   Wasastjerna Head of            J Edelman Company Alex Simmons | Brett
   Investor Relations T: +358     Jacobs T: +44 20 3047 2543 | +44 20 3047
   40 7248247 F: +358 20 741      2537 E: asimmons@smithfieldgroup.com E:
   1614 E:                        bjacobs@smithfieldgroup.com
   paul.wasastjerna@ferratum.
   com


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06.10.2017 Veröffentlichung einer Corporate News/Finanznachricht,
übermittelt durch DGAP - ein Service der EQS Group AG.
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   Sprache:        Deutsch
   Unternehmen:    Ferratum Oyj
                   Ratamestarinkatu 11 A
                   00520 Helsinki
                   Finnland
   Internet:       https://www.ferratumgroup.com
   ISIN:           FI4000106299
   WKN:            A1W9NS
   Börsen:         Regulierter Markt in Frankfurt (Prime Standard);
                   Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
                   München, Stuttgart, Tradegate Exchange



   Ende der Mitteilung    DGAP News-Service
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