|Turnover (1000€)||4 005,3||5 592,2||8 665,7|
|Operating profit (1000€)||448,0||147,4||1 215,6|
|Operating profit margin||11,2%||2,6%||14,0%|
|Return on equity||9,2%||2,4%||29,8%|
Fellow Finance Group revenue increased by 55% from the previous financial year to EUR 8.7 million and the Group operating profit was EUR 1.2 million. The volume of funding and revenue continued to grow significantly in 2017 as the company intermediated consumer and business loans for EUR 99.2 million (+ 120%) and the number of borrowers increased by 140% from 2016. Fellow Finance is the biggest marketplace lending platform in Northern Europe (source: AltFi Data). During 2017, Fellow Finance opened its platform to consumers in Germany and launched a flexible and efficient invoice service for businesses in Finland. Fellow Finance was also licensed as an Authorized Payment Institution by the Finnish Financial Supervisory Authority.
In 2018, the company will continue its expansion into new markets and invest heavily in the service development. The goal is to increase the operational and technical lead against other crowdfunding and peer-to-peer services in Europe and launch new innovative services for a large customer base in Europe.
The company auditor is an authorized public accountant Mr. Timo Helle from Advico Grant Thornton