DelfinGroup has attracted the largest financing from the bank in the history of the company so far

Attracting the largest bank financing in the company’s history, the Latvian fintech company DelfinGroup has signed a credit line agreement with Multitude Bank plc for 11 million. euro financing for further development of the company. The term of the concluded contract is 2 years.

“This is the largest financing of the bank DelfinGroup in history and shows the trust of foreign banks in the Latvian fintech industry and DelfinGroup as one of its leaders. We are pleased that Multitude Bank p.l.c. evaluates the company’s performance and sees us as a stable cooperation partner. DelfinGroup is developing rapidly and the raised financing will allow to increase the growth rate, helping to get closer to the company’s strategic goals. In the 3rd quarter of this year, the company’s loan portfolio has already reached a record high level – 84.6 million. euro. The raised financing is another strategic step in the direction of growth, enabling the realization of the company’s ambitious goals, including the company’s credit portfolio reaching 100 million by 2025. euros,” explains Aldis Umblejs, DelfinGroup board member and financial director.