Fellow Finance breaks lending record in January
FELLOW Finance, the Nordic crowdfunding and peer-to-peer lending platform, financed a record €18.5m (£16.2m) of loans in January.
The platform, which recently floated on the First North Finland Market, has cumulatively lent out more than €379m and boasts more than 11,000 investors.
In January, the Finland-headquartered firm also expanded into Denmark, meaning its customers can now invest in Finnish, Swedish, Polish, German and Danish consumer loans, as well as Finnish business loans.
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The firm floated on the First North Finland Market in October of last year, making it one of the first European P2P lenders to go public after Portugal’s Raize and UK platform Funding Circle.
Over the past three months, Fellow Finance’s shares have fallen by 7.5 per cent, which is in part due to the challenging market conditions which took hold during the fourth quarter of 2018.
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