Aforti Finance Romania IFN S.A., part of Aforti Holding, a Polish financial capital group that has been present on the Romanian market since October 2017, announces that it has begun its operations as a loan provider to the local SME sector. The company has entered the register of the non-banking financial institutions of the National Bank of Romania (BNR) at the end of October 2018 and has provided its first loan in June 2019, after officially kickstarting the local IFN activity in April 2019.
The loan services offered by Aforti Finance in Romania address small and medium-sized enterprises, looking for optimal forms of financing their development plans or ongoing activity. At this moment, Aforti Finance Romania offers financial product, which targets corporate clients – companies with limited responsibility (SRL), joint-stock companies (SA) as well as professionals operating under the PFA (Persoana Fizicã Autorizatã) model. The company or an individual applying for financing requires to have a minimum of 12 months of activity on the Romanian market and ongoing operations that are generating revenues. Aforti Finance has a capacity of providing entrepreneurs with loans up to 150,000 lei, for a period of up to 24 months.
Similar to the online currency exchange services offered though Aforti Exchange platform, services offered by Aforti Finance are highly digitalized. Businesses that are in a need of capital can begin the process of applying for the loan by filling in their company details on Aforti Finance’s website. The company pledges to provide the decision on whether it can grant a loan within even one hour.
“The greatest advantages of the Romanian market, as it is the case of most emerging markets, are lower entry barriers and enormous potential of domestic entrepreneurs who, following the accelerating path of the local economy, start their own business activities, looking for fast and attractive sources of financing. Being an entrepreneurial company ourselves, we understand the needs of local businesses and this is why all our services are fully digitalized and can be contracted with as little bureaucracy as possible. We expect that the activity of Aforti Finance Romania can bring a number of tangible results in the next years, both in terms of furthering our financial results as well as building a strong recognition and position of Aforti Group in Romania,” said Piotr Królikowski (photo), Chairman of the Board at Aforti Finance.
Aforti Finance accepted the first applications for non-banking loans in Romania in April 2018 and in the first two months of operations received overall 7 applications in the total value of approximately 1,5 million lei, with the average amount requested being above the threshold of 150,000 lei set by the company, thus proving that the entrepreneurs’ demand for capital is being high.
In the next stages, in order to grow its client portfolio, Aforti plans to open branches across the country as well as focus on developing the internal Call Center. The capital provided in Romania will be obtained from Aforti Holding supported on the Polish market by individual investors as well as from peer to peer lending platforms and AgioFUNDS TFI SA, Polish investment fund regulated by the Polish Financial Supervisory Authority.