4finance receives Consumer Credit license approval in Sweden

4finance Holding S.A. (the “Group”), Europe’s largest online and mobile consumer
lending group, announces that its Swedish subsidiary, 4finance AB, has received
approval from the Finansinspektionen, the Swedish financial supervisory
authority, for its Consumer Credit company license.
The Swedish FSA took over regulatory responsibility for consumer lenders in 2014
and has since undertaken a thorough review of 4finance AB’s processes and
procedures as part of a cross-industry licensing process. The license takes
effect immediately and enables 4finance AB to continue to serve its www.vivus.se
and www.onea.se customers in Sweden without interruption.
George Georgakopoulos, CEO of 4finance, commented:
“We are pleased to have secured this Consumer Credit license approval from the
Swedish FSA after an extensive review process. We are now licensed by the main
financial supervisory authorities in six of our countries of operation, with
licenses from other government agencies in a further three countries. This
demonstrates 4finance’s commitment to responsible lending and we continue to
support appropriate regulation in all of our global markets.”
Notes to Editors
4finance is Europe’s largest and fastest growing online and mobile consumer
lending groups with operations in 16 countries globally. Putting innovative data
-driven analysis into all aspects of the business, 4finance has grown rapidly,
issuing over EUR 3.5 billion to date in single payment loans, instalment loans
and lines of credit.
4finance operates through a portfolio of market leading brands with strong
regional presence including Vivus, SMSCredit and Zaplo. A responsible lender,
offering simple, convenient and transparent products and service, 4finance is
meeting growing customer demand from those under-served by conventional lending.
Established in 2008, 4finance has group offices in Riga (Latvia), London (UK)
and Miami (USA), and operates in Argentina, Armenia, Bulgaria, the Czech
Republic, Dominican Republic, Denmark, Finland, Georgia, Latvia, Lithuania,
Mexico, Poland, Romania, Slovakia, Spain and Sweden. www.4finance.com
4finance (Investor Relations)

James Etherington

Email: investorrelations@4finance.com

+44 (0)7766 697 950

or

Instinctif Partners (International Media)

David Simonson

Mark Walter

Email: 4finance@instinctif.com

+44 (0)207 457 2020