The financial technology group will extend merchant and consumer services to
the Spanish market as part of its European growth strategy
Helsinki, Finland, 2017-11-23 11:10 CET (GLOBE NEWSWIRE) --
According to James Hickson, CEO of Euroloan Group, initiating services in the
Spanish market is a key step in the expansion strategy of the Fintech group.
"We have seen a growing demand for easy payment solutions in several markets,
and the Spanish market in particular offers a massive opportunity for growth
with Euroloan's advanced payment and credit solutions. Merchants and Consumers
appreciate our simple, fast and efficient services. It's all about making their
life easier. Consistent with our strategy, we have identified a number of
partners to accelerate our market entry approach and expect to be providing our
lending and merchant solutions by the end of the 1Q 2018"
The Group is now present in five countries in Europe, including Finland,
Sweden, Poland, Luxembourg and Spain.
"Euroloan aims to open up several additional new markets", says Tommi Lindfors,
Chairman of the Board of Euroloan Group. "Spain is an important step on our
strategic growth path - we aim to open at least seven new markets in Europe by
2020. Sustainable growth in the finance business also means a growing funding
base. Building on the success of our last quarter, we continue to explore
opportunities to optimize our funding base to sustain our strategic plan and
growth trajectory. We aim to fulfil those growth opportunities with adequate
funding. The ongoing equity and funding round has been progressing well and we
are pleased to see investors share our excitement for our growth trajectory and
strategic direction."
About Euroloan
Euroloan Group PLC is a rapidly growing international group, specialized in
highly automated financial services and financial technology (FinTech).
Utilizing advanced algorithms, machine learning and true end-to-end automation,
the Group offers consumer loans, credit cards and merchant payment solutions on
Euroloan's secure cloud-based platform.
More information about Euroloan Group is available at www.euroloan.com, Finland
www.euroloan.fi, Sweden www.euroloan.se and Poland www.euroloan.pl.
For more information, please contact:
Jonas Lindholm
Euroloan Group Plc
Tel +358 10 217 1003
Email: investor@euroloan.com© 2017 GlobeNewswire
