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Aforti Exchange

Aforti Holding Group publishes its sales and operational performance data for April and commences building Aforti Collections sales network

5 May 2017

Warsaw, 5th May 2017

Dynamically developing Aforti Holding Group rendering financial services for the SME sector, published its performance data for April 2017. In this period Aforti Finance issued PLN 2.4 million-worth loans. The value of the loan applications filed reached PLN 10.9 million. Aforti Exchange running a foreign exchange platform recorded turnover of EUR 4.9 million. This figure constitutes an improvement by 115% when compared do April 2016. Aforti Collections generated PLN 76.3 thousand-worth debt collection services and initiated the process of building its sales network.

In April Aforti Finance, granting microloans to the SME sector, granted loans in the total amount of PLN 2.4 million, which is eight times the amount reached in the analogous period in 2016. In accordance with the report published, the company accepted 144 loan applications with the total value of PLN 10.9 million, which is a 213% and 490% increase respectively.

The value of the loan applications filed remains at a high level which is a consequence of a continuously expanding sales network in Poland. For that reason Aforti Finance is capable of granting more and more loans with an acceptably low risk level. Klaudiusz Sytek, the President of Aforti Holding S.A., said.

Aforti Exchange, operating a foreign exchange internet platform, recorded the total turnover of EUR 4.9 million in April, which is twice the turnover reached in April 2016. After four months the aggregate value of transactions amounted to over EUR 20.5 million.

In the forthcoming period we intend to improve our services. It should translate into further growth of monthly turnover amounts. If the tendency is maintained, we are likely to achieve performance comparable with the performance reached during the entire last year in the first half of 2017 only – Kaludiusz Sytek says.

Aforti Collections rendering comprehensive debt collection services reported PLN 76.27 in the nominal value of the debt collection cases with 77 agreements concluded. Currently the Company focuses on recovering debts it has acquired so far. The Company informed as well that it starts developing its own sales network.

At present, the portfolio of orders we hold is adequate to our capacity. Aforti Collections is a company developing at an incredible pace and in order to meet its requirements we started building its own sales network. At the beginning, there are going to be four regional directors whose task will be to develop client portfolio in their regions – Klaudiusz Sytek emphasised.

Aforti Holding finance Group reported over PLN 62 million of consolidated revenue in 4Q 2016. This figure constitutes a growth of over 43% when compared to the analogous period in 2015. The net profit of the Group in the period reported increased by 20% reaching PLN 648 thousand. At the end of the period the Group’s assets amounted to PLN 34.51 million i.e. they nearly doubled when compared to the end of 2015. The significant performance improvement stems from the consistent implementation of the development strategy for the years 2016-2018.

About Aforti Capital Group:

Aforti Holding is a financial Group dedicated to small and medium-sized enterprises as well as micro-businesses. It provides top quality comprehensive services in the scope of personal finances and managing enterprises’ finances. The services on Group’s offer are addressed to both individual clients as well as experienced investors and medium-sized firms searching for optimal forms of financing their businesses and development plans.

Aforti Holding S.A. serves as a holding company for two key entities which offer complementary services to clients with broad portfolio spectrum as well as for Aforti Ac Sp. z o. o. conducting bookkeeping and accounting activity for other entities of the Group. Additionally, it renders marketing, legal and IT services for the said companies. Since 2011 it has been listed on alternative trading system on the New Connect market.

Vigorously developing Aforti Finance S.A. offers micro-loans to entrepreneurs. Aforti Finance comprises highly experienced professionals who have worked with both individual clients as well as enterprises. They have specialist qualifications in the area of sales of financial instruments.

Aforti Exchange Sp. z o. o. is a company providing foreign exchange services via an online platform. The operator renders services of exchanging nine foreign currencies. Aforti Exchange uses the growing trend, which shows that entrepreneurs importing and exporting goods and services seek cost savings connected with transactions in foreign currencies. Internet foreign exchange, currency exchange online platforms – that is an alternative to bank platforms which influences cost rationalisation of transactions in foreign currencies.

Aforti Collections S.A. specialises in managing receivables with the use of a wide range of debt collection tools. Its core activity is the management of the receivables and debt collection, as well as acquiring and servicing debt portfolios. Aforti Collections offer includes such services as payment monitoring or amicable and judicial debt collection; it also purchases debt portfolios. The offer is addressed to the SME sector, entities rendering B2B services, banks and loan institutions, insurance agencies, as well as telecommunications operations, and internet service providers.