Key financials of the Group
2 799 000 EUR
Total loans issued
2 649 000 EUR
Net loan portfolio
110 000 EUR
Monthly average new loans issued
23.3%
Net interest margin
11.8%
Provision coverage
Physical presenCE in all Baltic countries
Licensed Pan-Baltic credit provider
Fresh Finance Group is a Pan-Baltic group of licensed credit providing companies specializing in direct consumer financing, white label financing solutions and financial technology development. Fresh Finance group of companies operate under the “Punk Finance” brand.
FFG has offices in Tallinn, Riga and Vilnius with 18 employees.
Synergy with group companies
By combining financing operations with new technology, financial markets infrastructure and debt management function of PlusPlus Capital, it yields a unique synergy within the group of companies.
Market opportunity
Consumer finance markets in the Baltics are dominated by the (Scandinavian) banks. Risk appetite of those banks is relatively low leaving hundreds of thousands of people unfunded who are looking for the most basic financial services.
Focused core product offering
Key product is uncollateralized consumer loan for natural person up to 15 000 EUR with a maximum duration of 7 years.
Fresh Finance product line-up
Credit limit
Credit product for clients who are looking for a flexible loan solution than can be repaid and taken into use as they see fit.
Termless contract
From 500-1 500 EUR
Interest rate 47,5%
Consumer loan
Loan product for clients who are looking to finance larger purchases and unforeseen expenses.
12 to 60 months
From 500-15 000 EUR
Interest rate starting from 16%
Refinancing loan
Liability refinancing for clients who are looking to get their finances in order and obtain a clean credit history.
12 to 84 months
From 500-15 000 EUR
Interest rate starting from 18%
Contact information
Company name: OÜ Fresh Finance Group
Brand name: PUNK Finance
Legal address: Tartu mnt 83, Tallinn 10115
Licensed: Licensed creditors in Estonia, Latvia and Lithuania
Audit: BIG 4 – PwC
Internal auditor: BIG 4 – PwC
Fresh Finance presentation: Preview
Sample loan contract: Estonian, Lithuanian
Fresh Finance Group OÜ consolidated annual report 2020: Preview
Credit provider license number: 4.1-1/45 (Estonia) was issued on March 28, 2016. 241-191 (Lithuania) was issued on October 30, 2017.
Websites: punkfinance.ee, punkfinance.lv, punkfinance.lt
Email: info@punkfinance.ee
OÜ Fresh Finance is incorporated under the laws of Estonia, registry code 12243370, registered office Tartu mnt 83, Tallinn, 10115, Estonia, represented by the management board member Krõõt Kilvet.
UAB Fresh Finance is incorporated under the laws of Lithuania, registry code 304604645, registered office Gynėjų g. 16, Vilnius, 01108, Lithuania, represented by the managing director Saulius Kuliešius.
Wiserfunding Risk Assessment for Estonia
Wiserfunding Risk Assessment uses available information at the date of publication from public sources or information provided to them based on our previous assessment. Some additional resources not checked by Monestro during onboarding are now used for the report.
During LOs’ onboarding and quarterly monitoring, Monestro performs also assessment of internal procedures and portfolio, which is not publicly available.
Due to these differences, Risk Assessment results (Ratings) of Wiserfunding and Monestro may differ.
Wiserfunding report created on the 02.08.23: Log in and download.
Wiserfunding Risk Assessment for Lithuania
Wiserfunding Risk Assessment uses available information at the date of publication from public sources or information provided to them based on our previous assessment. Some additional resources not checked by Monestro during onboarding are now used for the report.
During LOs’ onboarding and quarterly monitoring, Monestro performs also assessment of internal procedures and portfolio, which is not publicly available.
Due to these differences, Risk Assessment results (Ratings) of Wiserfunding and Monestro may differ.
Wiserfunding report created on the 02.08.23: Log in and download.