Lithuania’s Finbee Verslui lands €35m investment from Pollen Street Capital

Key Points:

1. Investment Details:
   • Finbee Verslui has secured a €35 million investment from UK private capital asset manager Pollen Street Capital.
   • Headquartered in Vilnius, Lithuania.
2. Company Operations:
   • Operates as an online P2P lending platform.
   • Provides crowdfunding solutions through Finbee for Business.
   • Since 2017, it has issued over 4,500 loans to more than 3,000 small businesses.
3. Financial Performance:
   • Financed over €27 million in loans in 2023.
   • Anticipates achieving over €40 million in new originations in the current year.
   • Reports an average annual growth of 60% in loan originations over the past five years.
4. CEO’s Statement:
   • Tomas Mačiulaitis, CEO of Finbee Verslui, highlighted a “funding gap” due to rising customer demand.
   • Previously increased liquidity using their own funds, but the new partnership will allow for faster growth.
5. Impact of Investment:
   • The investment will enable Finbee Verslui to finance over 1,500 businesses more quickly and on more favorable terms.
   • Larger loans will now take just a few hours from contract signing to funds being available, compared to over a week previously.
   • The firm will lift caps on maximum loan amounts, aligning lending capacity with actual customer needs.
6. Future Plans:
   • Plans to leverage the investment to address the liquidity gap and expand lending capabilities.
   • Aims to meet the real borrowing needs of its customers without previous liquidity limitations.