TrustBuddy on Track to Meet the Expected Additional 400M SEK P2P Lending Capital
STOCKHOLM, Sweden, Nov. 25, 2013 (GLOBE NEWSWIRE) -- TrustBuddy announced yesterday to have acquired non-organic P2P funding of approximately 110m SEK ([Eur]12.3m). This is much welcomed as the demand for TrustBuddy loan product is very strong. Given current turnover of the capital TrustBuddy expects this capital injection to boost 2014 full year net revenues by 45m SEK without increasing the cost base. In August this year TrustBuddy released its 2014 non-organic capital estimate of 400m SEK to accommodate the surge of new borrowers. By already injecting 110m SEK into the P2P platform and bringing in capital rich investors, TrustBuddy expects to meet its target for 2014.
For further information, please contact:
Jens Glasoe, CEO, TrustBuddy International AB (publ)
+47 40 40 47 50, firstname.lastname@example.org
About TrustBuddy International AB (publ)
TrustBuddy International AB (publ) is the first P2P Lending company in the world to go public (on NASDAQ FIRST NORTH in 2011), and is currently the largest P2P Lending company in the world by loan numbers and customer growth. The company is continuously expanding, and is present throughout Scandinavia and in other selected countries in Europe. The company is listed at NASDAQ OMX First North in Stockholm with the ticker code TBDY. Mangold Fondkommission AB is TrustBuddy International AB (publ)'s Certified Adviser and market maker, contact number: +46 8-503 015 50.
(C) Copyright 2013 GlobeNewswire, Inc. All rights reserved.