PRESS RELEASE: Ferratum Group: Starting signal in Germany and Romania
DGAP-News: Ferratum Capital Germany GmbH / Key word(s): Miscellaneous Ferratum Group: Starting signal in Germany and Romania
20.02.2014 / 15:30
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Ferratum Group: Starting signal in Germany and Romania
- Legal requirements for commencement of operations in Germany and Romania completed
- As planned investing partial proceeds from bond issuance in business expansion
- Additional stability of the business model through further geographical diversification
Berlin, 20 February 2014 - Ferratum Group, a pioneer in mobile micro credits in Europe, has successfully laid the foundation for its market entry in Germany and Romania. The company is expecting the commencement of operations in these two markets within the upcoming weeks. Thereby Ferratum is continuing consequently its expansion strategy. This provides the company with potential to expand the customer base and with corresponding revenue and earnings growth. As scheduled, partial proceeds of the bond issuance of the German subsidiary Ferratum Capital Germany GmbH are used for a profitable and sustainable business development.
For the commencement of operations in Germany Ferratum Germany GmbH was established as a legally registered and authorized credit broker, which will serve as an online distribution platform. Owing to the certified licence for the brokerage of credits Ferratum Germany GmbH is able to offer a comprehensive range of services to credit interested parties: From help related to general questions, through detailed advice to the application of micro credits and related products. The services fulfil the demands and needs of a not yet adequately accessed customer segment: private individuals with a desire for easy, fast, unbureaucratic and discrete borrowing for short-term micro credits.
In February 2014, Ferratum has also received the required local credit license for the market entry in Romania. The Ferratum Group will start distribution in Germany and Romania after the successful implementation of the necessary IT infrastructure within the coming weeks.
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PRESS RELEASE: Ferratum Group: Starting signal in Germany and Romania
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