During the period, the Group maintained growth in loan issuances, while recording more than €50 million in revenues in a single quarter for the first time.
The Group has now issued more than €334m in loans during 2021, surpassing the €311m seen in the whole of 2020 and has seen increasing issuances each quarter on quarter since Q2 of 2020.
In October the Group finalised the listing process of its €15m bond on the Nasdaq First North market – a significant milestone and next step in Sun Finance’s growth and strategy, offering investors access to increased liquidity.
As the next step of the expansion strategy, the Group is expecting to launch pilot Buy Now Pay Later (BNPL) product in selected markets, following the introduction of Instalment Loan product earlier this year. Both of these products are expected to form a material part of Sun Finance’s future growth strategy.
Financial highlights
About Sun Finance Group and Sun Finance Treasury Limited
Sun Finance Treasury Limited is subsidiary of Sun Finance Group, AS. Sun Finance is a financial technology company established in Riga, in 2017, by CEO Toms Jurjevs and co-founder Emīls Latkovskis. Sun Finance operates as an online consumer financing platform in seven countries on three continents, with headquarters in Riga, Latvia. Sun Finance has more than 6 million registered customers and employs more than 1000 people, 148 of whom work at the headquarters in Riga. The company is led by a team of seasoned professionals with more than 10 years of experience in managing FinTech, financial and IT companies.