Ferratum Oyj : Group launches SME business loans in the United Kingdom

Ferratum Group launches SME business loans in the United Kingdom

Helsinki, June 15, 2017 - Ferratum Oyj (ISIN: FI4000106299, WKN: A1W9NS) (the "Ferratum Group"), a pioneer in the field of financial technology and an international provider of mobile banking services, is pleased to announce the launch of Ferratum Business, its small business lending division, in the UK.

Ferratum Business provides fast, easy working capital loans to small and medium sized enterprises ("SMEs") and is a registered provider of alternative finance in the UK under the Small and Medium Sized Business (Finance Platforms) Regulations 2015.

In 2013, the UK Department for Business, Innovation and Skills found that half of first time SME borrowers were rejected for finance, resulting in 37% giving up and canceling their spending plans. Since November 2016, if an SME is rejected for finance by the UK's nine major banks, these banks are now legally required to offer the SME a referral to a designated, online finance platform. These platforms, regulated by the UK Financial Conduct Authority, give alternative finance providers such as Ferratum Business the opportunity to offer viable businesses the finance they need to grow and expand.

Ferratum Business combines state-of-the-art proprietary credit assessment technology and highly trained loan specialists, enabling it to approve SME business loans faster and more frequently than the traditional banks, all without collateral requirements, interviews or paperwork. On average, a business loan application with Ferratum takes five minutes and the funds are ready to be delivered to the applicant's bank account in one business day. Ferratum Business offers SME customers in the UK loans up to £50,000 for periods of between 6-12 months.

Scott Donnelly, Director of Ferratum Business Lending, commented:

"Ferratum Business has a start-up company culture focused on the needs of SME customers. We understand that the financing needs of SME businesses are dynamic and fast-moving, and conventional lending processes are often too complicated or slow to provide short term growth funding. Thanks to our proprietary credit assessment algorithms, Ferratum can move at the speed of business. Our SME loan application process takes only minutes to complete and our lending decision can be made the same day, making it easy for SMEs to get the growth capital they need, when they need it."

About Ferratum Group:

Ferratum 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 is a pioneer in the fields of financial technology and mobile lending and has expanded rapidly to operate in 24 countries. Ferratum's customers utilize digital media to apply for consumer credit in amounts varying between EUR 25 and EUR 20,000 and small businesses instalment loans up to EUR 100,000 with a term of six to twelve months. Led by its founder, Jorma Jokela, Ferratum has more than 1.6 million active and former customers who have been granted one or more loans in the past (as at March 31, 2017).

Ferratum Group is listed on the Prime Standard of Frankfurt Stock Exchange under symbol 'FRU.' For more

information, visit www.ferratumgroup.com.

About Ferratum Business:

Ferratum Business provides fast, easy working capital loans of up to €100,000 to small and medium sized businesses. Loan periods of 6-18 months are avilable to help SMEs fund expansion, marketing, hiring, equipment and inventory purchases; all with no collateral required.

Ferratum Business currently operates in Finland, Sweden, Denmark, Lithuania, the Netherlands and the United Kingdom, with further expansion throughout Europe planned for 2017.

In the UK, Ferratum Business is authorised and regulated by the Financial Conduct Authority and trades as Ferratum UK Ltd. For more information, visit www.ferratumbusiness.co.uk.

Contacts:

Ferratum Group Outi Ellilä Head of Marketing and Customer Experience T: [phone] E: [e-mail]	European media enquiries: Edelman.ergo, A Daniel J Edelman Company Alexander Schmidt | Andreas Martin T: [phone] E: [e-mail]: [e-mail]
Ferratum Group Paul Wasastjerna Head of Investor Relations T: [phone] F: [phone] E: [e-mail]	UK media enquiries: Smithfield, A Daniel J Edelman Company Alex Simmons | Brett Jacobs T: [phone] | [phone] E: [e-mail]: [e-mail]