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Ferratum Oyj: Ferratum launches small business lending

Ferratum Oyj / Ferratum Oyj: Ferratum launches small business lending.
Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is
solely responsible for the content of this announcement.
Helsinki/Berlin, May 22, 2015 - Ferratum Oyj (ISIN: FI4000106299, WKN: A1W9NS;
together with its consolidated subsidiaries hereinafter "Ferratum Group" or
"Ferratum"), an international provider of mobile consumer loans and a pioneer
in the field of "financial technology", launched its first small business
lending activities in Stockholm, Sweden, today. Thus, Ferratum has been
pushing forward its product diversification as an important part of its
sustainable growth strategy. The new division, Ferratum Business, lends to
small "main street" businesses with a successful track record of two or more
years in operation - a valuable market segment that has traditionally been
underserved by conventional bank lending.

Jorma Jokela, founder and CEO of the Ferratum Group, comments: "The competence
and competitiveness - big data scoring, lean online processes, convenience
and speed - that we have developed in our over 10 years of history in
consumer lending shall now be used to offer lending products also to
entrepreneurs and businesses. With Ferratum Business we are seeking to
provide the fastest, easiest small business lending alternative in Europe."

Ferratum Business offers working capital installment loans to small businesses
for 6 to 12 months. These loans can be applied in the amount of 20,000 to
250,000 SEK (around 2,100 to 27,000 EUR) by means of a simple and short
application process, only taking about 10 minutes. Therefore, the new
business lending is characterized by fast approval times, with loans
disbursed within one day of a completed application and without collateral

In the first months of 2015 Ferratum already continued successfully pursuing
its growth strategy by entering the Canadian and Norwegian market as well as
offering its PlusLoan product and Credit Limit product in further existing
markets. Ferratum currently operates in 21 countries worldwide, and aims to
extend its business activities to 30 countries in the medium-term. In this
context, Ferratum also plans to establish the new division of business
lending in further countries in the course of 2015.

About Ferratum Group:

The Finnish Ferratum Group, a pioneer for mobile consumer loans in Europe,
offers short-term consumer loans. Ferratum's customers can utilize digital
media to apply for consumer credit in amounts varying between EUR 25 and EUR
2,000. Managed by its founder Jorma Jokela, Ferratum has expanded rapidly
since it was founded in 2005: Ferratum has 1.0 million active and former
customers who have been granted one or more loans in the past and 3.0 million
total user accounts in its database (as of 31 March 2015). Ferratum is
represented in 21 markets and employs 383 people as of 31 December 2014.


Ferratum Group
Dr. Clemens Krause, CFO
T: +49 30 88715308
F: +49 30 88715309

Ferratum Group
Paul Wasastjerna
Head of Investor Relations
T: +358 40 7248247
F: +358 20 741 1614

cometis AG
Henryk Deter | Mariana Kuhn
T: +49 611 20 58 55-61
F: +49 611 20 58 55-66


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ferratum Oyj via Globenewswire


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