Digital consumer finance leader Euroloan has secured the largest ever funding deal made to an unlisted company in Finland. The group, says founder Tommi Lindfors, is well positioned for accelerated growth.
HELSINKI, Finland, May 11 (Bernama-GLOBE NEWSWIRE) -- Euroloan has doubled the size of its structured financing facility with funds managed by affiliates of Fortress Investment Group LLC (NYSE:FIG), from EUR 60 million to EUR 120 million. The credit line comes with the news that Euroloan increased net revenue by 90% in 2016 and is now focused on scaling its business significantly across Europe.
“The previous deal with Fortress was the largest in the company’s history and now we’re doubling it” says Tommi Lindfors, Chairman of the Euroloan Group. “Further, this is the biggest funding deal ever made by an unlisted company in Finland. This is a real testament to our internal capabilities, track record of sustainable growth and the value of our long term partnership with Fortress.
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