1.6.2020 13:00PRESS RELEASE

Fellow Finance opens its business finance service in Czech Republic


Fellow Finance has opened its business finance service in Czech Republic to small and medium-sized enterprises and small business owners. From now on, Czech companies can apply for funding for their investment and working capital needs from the Fellow Finance crowdfunding platform. Fellow Finance has already been serving Czech investor clients. In the future, investor clients are provided the opportunity to invest in Czech business loans alongside the Finnish, Swedish, Polish, German and Danish loan markets.

“Despite the corona virus outbreak, we have continued to develop our service in order to lay the foundation of our broad international operations according to our strategy. In Czech Republic, loan-based crowdfunding includes prominent demand in SMEs to reinforce traditional bank funding. During these exceptional times, access to bank funding has tightened creating a solid opportunity to open our service to carefully selected companies,” says Jouni Hintikka, CEO of Fellow Finance.

Fellow Finance is the only crowdfunding and peer-to-peer lending platform where an investor can invest through the same platform both in business and consumer loans of six countries and with multiple currencies. The availability of different markets enables investors to acquire diversified loan portfolio, which does not correlate significantly with traditional investment instruments. Fellow Finance also publishes up-to-date statistical information on the development of business and consumer loans during the corona virus: fellowfinance.com/for-investor/statistics.

Further enquiries:

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

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 850 000 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.

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