4finance
4finance, founded in 2008 and headquartered in Riga, Latvia, is a financial services company operating in 11 countries, offering products like instalment loans, lines of credit, and single payment loans.
Company History
Founded in 2008, 4finance has grown into a prominent player in the consumer finance industry. Headquartered in Riga, Latvia, the company operates in 11 countries, providing a range of financial products, including instalment loans, lines of credit, and single payment loans. Over the years, 4finance has issued over €10 billion in loans, establishing itself as a market leader in various regions. The company aims to be a good corporate citizen and engages actively in responsible lending practices.
Products and Services
4finance offers a diverse range of financial products tailored to meet the needs of different consumer segments. These include instalment loans, lines of credit, and single payment loans. These products are designed to provide flexible financial solutions, with instalment loans and lines of credit comprising more than 50% of the net portfolio. The company has also leveraged technology, with more than 70% of customers applying via their mobile phones, ensuring convenient access to their services.
Operational Footprint
4finance operates in 11 countries, with a significant presence in Europe. The company also operates TBI Bank, an EU licensed institution with operations primarily in Bulgaria, Romania, and Greece. The extensive geographical footprint enables 4finance to offer its financial products to a wide customer base, contributing to its position as a leading consumer finance provider in various markets.
Corporate Governance and Engagement
4finance is committed to maintaining high standards of corporate governance and responsible lending. The company regularly engages with the European Commission on issues related to consumer credit and consumer protection. 4finance also participates in events and seminars to keep the financial community well-informed. The company ensures transparent communication with investors through regular reporting and conference calls.
Funding and Financial Strategy
4finance funds its growth through a diversified and long-term financing strategy. The company utilizes a variety of funding sources to support its operations and expansion. Recently, 4finance added its Philippines business as a Guarantor of its bonds and cancelled EUR 15 million of its 2028 bonds. This strategic approach ensures financial stability and supports the company's objective of sustained growth.