Ferratum Oyj: Ferratum Group launches SME offering in Poland

    Ferratum Oyj: Ferratum Group launches SME offering in Poland

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DGAP-News: Ferratum Oyj / Schlagwort(e): Strategische
Unternehmensentscheidung
Ferratum Oyj: Ferratum Group launches SME offering in Poland

29.01.2019 / 20:00
Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.

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Ferratum Oyj: Ferratum Group launches SME offering in Poland

Helsinki, 29 January 2019 - Ferratum Oyj (ISIN: FI4000106299, WKN: A1W9NS)
("Ferratum" or the "Group") is pleased to announce the launch of services
for small and medium sized enterprises (SMEs) in Poland through its business
brand, Ferratum Business.

Ferratum Business begins offering SMEs the ability to obtain finance through
invoice financing. Applications will be evaluated through a largely
automated process based on the individual risk profile of the companies
applying for the financing between EUR 1,000 and 100,000 with a duration of
30-90 days. The launch in Poland, where the Group has been operating with
its consumer lending business since 2008, marks the ninth country of
operation for Ferratum Business.

According to the Central Statistical Office of Poland, in 2017 the
addressable Polish SME market segment for Ferratum Business comprised
approximately 2 million SMEs. According to the Polish Factoring Association,
the total invoice financing market in Poland was valued at approximately EUR
40 billion in 2017 and growing at 25% year on year from 2016 to 2017.

Scott Donnelly, Business Unit Director for SME Lending at Ferratum
commented:

"The market for shorter-term invoice financing services is a very attractive
but underserved business opportunity and we see significant potential in
offering SME customers the flexibility of fast, convenient loans tailored to
cover short term cashflow needs, rather than having to commit to larger,
less flexible instalment loans. At the same time, we are able to gather
large amounts of data efficiently and in short cycles, which we can utilize
to further enhance our automated underwriting processes.

Combined with our in-house experience and knowledge of the Polish factoring
market, as well as a decade of consumer lending experience in Poland, we
have an excellent knowledge base from which to launch this new product
segment. Once firmly established in the Polish market we can expect to
transfer learnings from this new service to our operations in other
countries to further enhance practices and underwriting for the benefit of
our SME customers globally."

Due to the phased roll-out of these invoice financing services, the Polish
SME launch is not expected to materially impact the Group's currency
exposure in the first half 2019.

About Ferratum Group:

Ferratum Group is an international provider of mobile banking and digital
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 across Europe, Africa, South
and North America and the Asia-Pacific region.

As a pioneer in digital and mobile financial services technology, Ferratum
is at the forefront of the digital banking revolution. Ferratum's 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. Ferratum has approximately 1.9 million active and former customers
who have an account or have been granted one or more loans in the past (as
at 30 September 2018), of which over 799,000 customers have an open Mobile
Bank account or an active loan balance in the last 12 months.

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

Contacts:

   Ferratum Group Dr. Clemens Krause Head      Ferratum Group Emmi Kyykkä
   of Finance and Risk T: + 49 30 921005844    Deputy Head of Investor
   E: [1][e-mail]  1.       Relations T: +41 79 940
   mailto:[e-mail]          6315 E:
                                               [1][e-mail]
                                               1.
                                               mailto:emmi.kyykka@ferra
                                               tum.com
   UK / European media enquiries:
   Smithfield, A Daniel J Edelman Company
   Alex Simmons | Brett Jacobs T: +44 20
   3047 2543 | [phone] E:
   [1][e-mail] E:
   [2][e-mail]  1.
   mailto:[e-mail] 2.
   mailto:[e-mail]


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29.01.2019 Veröffentlichung einer Corporate News/Finanznachricht,
übermittelt durch DGAP - ein Service der EQS Group AG.
Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.

Die DGAP Distributionsservices umfassen gesetzliche Meldepflichten,
Corporate News/Finanznachrichten und Pressemitteilungen.
Medienarchiv unter http://www.dgap.de

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   Sprache:        Deutsch
   Unternehmen:    Ferratum Oyj
                   Ratamestarinkatu 11 A
                   00520 Helsinki
                   Finnland
   Telefon:        [phone]
   Fax:            [phone]
   E-Mail:         [e-mail]
   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



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