As of this April, the share capital of UAB “Finpro group” will be increased by EUR 1.5 million. The company plans to grow its loan portfolio from EUR 22 million to EUR 50 million over the next two years, and to pursue active expansion into foreign markets.
According to Dainius Vaičikonis, co-founder and CEO of “Finpro”, the investment secured is a huge step forward for the company he leads. It will allow “Finpro” to further improve the accessibility of its financing for small and medium-sized businesses (SMEs) and to expand its range of services.
“We aim for ‘Finpro’ to continue strengthening its position in Lithuania’s alternative financing market. Last year, we increased our managed loan portfolio to EUR 22 million, and this year, we plan to grow it to EUR 30 million. With the new investment, we aim to double our overall loan portfolio in the next two years,” says Vaičikonis.
His co-founder, Kęstutis Grinaveckas, agrees, adding that the investment will allow “Finpro” not only to continue its successful development in Lithuania but also to more boldly consider expanding its financing services abroad. In the first half of the year, “Finpro” issued 8% more business loans.
“We have been strategically exploring opportunities to enter neighboring foreign markets for some time now and have already taken the first steps. This investment is a timely boost that will help us achieve this goal much faster,” says Grinaveckas.
Vidmantas Paplauskas, co-owner of the “Areus” group of companies, explains that the decision to invest in “Finpro” was made because it is one of the fastest-growing alternative financiers in Lithuania.
“When considering investments in the alternative financing market and potential collaboration with ‘Finpro’, we quickly recognized how well the team understands the financing landscape, how effectively they apply their experience, and how they manage to adapt quickly in a challenging environment to find the best solutions. This is incredibly important, given that SMEs are the backbone of both Lithuania’s and other European countries’ economies, and the demand for SME financing remains high,” says Paplauskas.
The “Areus” group of companies was founded in November 2008 and operates successfully in the fields of pharmaceuticals, energy, and real estate development and management. In 2024, the group’s consolidated revenue reached EUR 120 million.
“Finpro”, which began operations in March 2021, is led by a team with over 20 years of experience in the financial sector, having gained knowledge working in Lithuania’s largest banks. “Finpro” provides business financing from EUR 10,000 to EUR 500,000 and offers all major financial products – leasing, loans, and factoring.