As of this April, the share capital of UAB \u201cFinpro group\u201d 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.
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According to Dainius Vai\u010dikonis, co-founder and CEO of \u201cFinpro\u201d, the investment secured is a huge step forward for the company he leads. It will allow \u201cFinpro\u201d to further improve the accessibility of its financing for small and medium-sized businesses (SMEs) and to expand its range of services.
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\n\u201cWe aim for \u2018Finpro\u2019 to continue strengthening its position in Lithuania\u2019s 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,\u201d says Vai\u010dikonis.
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\nHis co-founder, K\u0119stutis Grinaveckas, agrees, adding that the investment will allow \u201cFinpro\u201d 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, \u201cFinpro\u201d issued 8% more business loans.
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\n\u201cWe 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,\u201d says Grinaveckas.
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\nVidmantas Paplauskas, co-owner of the \u201cAreus\u201d group of companies, explains that the decision to invest in \u201cFinpro\u201d was made because it is one of the fastest-growing alternative financiers in Lithuania.
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\n\u201cWhen considering investments in the alternative financing market and potential collaboration with \u2018Finpro\u2019, 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\u2019s and other European countries\u2019 economies, and the demand for SME financing remains high,\u201d says Paplauskas.
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\nThe \u201cAreus\u201d 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\u2019s consolidated revenue reached EUR 120 million.
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\n\u201cFinpro\u201d, 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\u2019s largest banks. \u201cFinpro\u201d provides business financing from EUR 10,000 to EUR 500,000 and offers all major financial products \u2013 leasing, loans, and factoring.<\/p>\n","protected":false},"excerpt":{"rendered":"
As of this April, the share capital of UAB \u201cFinpro group\u201d 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 Vai\u010dikonis, co-founder and CEO […]<\/p>\n","protected":false},"author":2,"featured_media":696,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"\n