Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Fellow Finance Oyj    FELLOW   FI4000348974

FELLOW FINANCE OYJ

(FELLOW)
  Report
SummaryNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Fellow Finance Oyj : market share continues to grow and exceeded 60% of the total market in 2019

share with twitter share with LinkedIn share with facebook
share via e-mail
03/30/2020 | 01:01am EDT

FELLOW FINANCE PLC PRESS RELEASE 30.3.2020 AT 8:00 AM

Fellow Finance market share of Finnish peer-to-peer lending and crowdfunding markets increased by approximately 4,5 percentage points to total of 60,5% compared to the previous year. According to the Bank of Finland statistics released on 26th of March 2020, the total funding volume of intermediated loans to Finnish consumers and businesses through the peer-to-peer and crowdfunding platforms was about EUR 330 million in 2019. The peer-to-peer and crowdfunding markets have continued to grow strongly in Finland, particularly the loan-based crowdfunding for businesses.

"Fellow Finance has increased its market share of the total market to over 60 percent in 2019 (56% in 2018). Our market share in loan-based crowdfunding for businesses was approximately 41% (32%) and in peer-to-peer lending for private individuals approximately 91% (88%). The growth of our market shares shows that our services are regarded highly competitive. The growth of the total market indicates that this form of financing is filling the funding gaps left by banks with an increasing frequency. We are grateful to our customers for our growth," Jouni Hintikka, CEO of Fellow Finance, sums up.

"I am sure that now during these exceptional times the loan-based crowdfunding would support the government to speed up the distribution of vital funding for the businesses in need. I believe that our investor clients are ready to engage in financing businesses alongside with banks in response to the current surge in demand to ensure the continuity of Finnish businesses and jobs during and after the Corona virus. In the current situation, it would be important that Finnvera (state) guarantee would be available also for crowdfunded business loans" Hintikka adds.

FELLOW FINANCE PLC

Further enquiries:

Jouni Hintikka, CEO, Fellow Finance Plc, Tel. +358 40 585 5009, jouni.hintikka@fellowfinance.fi

Certified advisor: Evli Bank Plc, tel. +358 40 579 6210

Fellow Finance Plc started its operations in 2014. The company is an expansive global FinTech group that provides crowdfunding services. A key role in the company's business services is played by the leading Nordic¹ loan-based crowdfunding and peer-to-peer platform maintained by the company which has already been used by more than 820,000 customers in approximately 70 countries. Fellow Finance Plc is an Authorized Payment Institution supervised by the Finnish Financial Supervisory Authority of Finland and the shares of Fellow Finance Plc are listed on the Nasdaq First North Growth Market Finland marketplace. The company has approximately 2 500 shareholders. www.fellowfinance.com          

¹Measured by the amount of financing facilitated. Source: Brismo Market Data (data accessed on 30 March 2020).

https://news.cision.com/fellow-finance-oyj/r/fellow-finance-market-share-continues-to-grow-and-exceeded-60--of-the-total-market-in-2019,c3073605

(c) 2020 Cision. All rights reserved., source Press Releases - English

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on FELLOW FINANCE OYJ
05/26FELLOW FINANCE OYJ : Invitation to the Annual General Meeting of Fellow Finance ..
AQ
05/05FELLOW FINANCE OYJ : platform facilitated 8,3 million euros of loans in April
AQ
04/14FELLOW FINANCE OYJ : co-operation negotiations has completed
AQ
04/03FELLOW FINANCE OYJ : New temporary limits to consumer loan interest rates due to..
AQ
04/02FELLOW FINANCE OYJ : initiates employee cooperation negotiations for temporary l..
AQ
04/01FELLOW FINANCE OYJ : platform facilitated 13,9 million euros of loans in March
AQ
03/30FELLOW FINANCE OYJ : market share continues to grow and exceeded 60% of the tota..
AQ
03/25FELLOW FINANCE OYJ : withdraws its guidance for 2020
AQ
03/23FELLOW FINANCE PLC : cancels the Annual General Meeting on 3 April 2020 and post..
AQ
03/10CORRECTION TO THE COMPANY ANNOUNCEME : 50 PM: Invitation to the Annual General M..
AQ
More news
Financials (EUR)
Sales 2020 12,4 M
EBIT 2020 0,45 M
Net income 2020 -0,85 M
Debt 2020 17,7 M
Yield 2020 -
P/E ratio 2020 -18,4x
P/E ratio 2021 -
EV / Sales2020 2,65x
EV / Sales2021 2,25x
Capitalization 15,2 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 2
Average target price 2,50 €
Last Close Price 2,12 €
Spread / Highest target 17,9%
Spread / Average Target 17,9%
Spread / Lowest Target 17,9%
EPS Revisions
Managers
NameTitle
Jouni Ilmari Hintikka Chief Executive Officer
Kai Patrik Myllyneva Chairman
Teemu Oskari Nyholm Chief Operating Officer & Director
Niko Stark Chief Financial Officer
Jorma Juhani Alanne Director
Sector and Competitors
1st jan.Capitalization (M$)
FELLOW FINANCE OYJ17
FIDELITY NATIONAL INFORMATION SERVICES-1.79%84 396
ADYEN N.V.52.53%36 974
WORLDLINE5.27%13 352
ONECONNECT FINANCIAL TECHNOLOGY CO., LTD.44.17%5 340
SIMCORP A/S-2.18%4 328