The short-term consumer lender has originated over €5bn ($5.8bn) since launching in 2008; the company has focused on markets in Europe and the Americas; the company’s mix of funding sources includes bond issuance and bank deposits from the acquisition of TBI Bank; Moody’s also recently upgraded their corporate rating from a B2 to a B3. Source.
Consumer online lender 4finance has announced it will be using FICO TONBELLER Cloud Solution to monitor for anti-money laundering; the new solution will help the firm comply with the 4th EU Anti Money Laundering directive; 4finance is a European online consumer lender operating in 17 countries with total loans of over EUR4 billion ($4.24 billion) since its founding in 2008. Source
Online lender 4finance has reported its earnings for 2016 with an increase in revenue and net income; revenue increased 24% in 2016 to 393.2 million euros ($413.35 million); it reported another year of net profit with net income increasing to 63.2 million euros ($66.4 million), up from 58.2 million euros ($61.2 million) in 2015; in 2016 the company's net loan portfolio was 493.9 million euros ($519.21 million) and the average interest rate on its loans was 120%. Source