Finstar Buys Stake in Europe Fintech Service Provider
- The private equity firm may increase its interest in Euroloan to a majority one over time
Finstar, the international private equity group, announced that it had acquired an interest in Euroloan, a financial technology company based in Finland. The size of the stake or the deal remains undisclosed, but Finstar said in its press release that its first move as shareholder in the company will be to put €15 million ($16 mln) in funding at its disposal.
Established Regional Presence
Euroloan is a developer and provider of Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term banking services for individuals and online retailers located in several European countries. It said that it will use the funds to accelerate the development of new products in its pipeline. Among its current products is a Virtual Credit Card that offers users tailor-made credit and repayment plans. The firm also provides clients with instant payment, fully automated solutions. For corporate clients, Euroloan offers a range of payment solutions, both for online stores and brick-and-mortar outlets.
Target matches Finstar’s strategic focus of expansion into fintech
For Finstar, the deal represents a further foray into the fintech market, in tune with global trends pointing towards the growing prominence this industry is gaining. The private equity firm manages assets worth $2 billion in a range of industries.
Commenting on the acquisition, Finstar’s Chief Executive Officer Nick Jordan said: "The company matches our strategic focus perfectly and we look forward to contributing to its development and delivering exceptional results.”
Euroloan’s Chairman Tommi Linfors, said: “Finstar’s financial strength and invaluable experience in the FinTech space will enable Euroloan to focus on further expansion while maintaining its financial stability.”
Finstar will have an option to expand its stake in the fintech developer, possibly even to a majority stake, if the partnership indeed Leads Leads Leads or lead generation are an essential component of marketing and powerful tool by brokers. In its simplest form, leads can be defined as the outreach of customer interest or enquiry into products or services, most often associated with brokerages.These can be created for purposes such as list building, e-newsletter list acquisition, or for sales leads. Amongst marketers, such lists are one of their most important assets and instrumental to sales.There are a variety of methods for generating Leads or lead generation are an essential component of marketing and powerful tool by brokers. In its simplest form, leads can be defined as the outreach of customer interest or enquiry into products or services, most often associated with brokerages.These can be created for purposes such as list building, e-newsletter list acquisition, or for sales leads. Amongst marketers, such lists are one of their most important assets and instrumental to sales.There are a variety of methods for generating Read this Term to the mutual benefits expected by the partners, it should solidify both companies’ market position.
Finstar, the international private equity group, announced that it had acquired an interest in Euroloan, a financial technology company based in Finland. The size of the stake or the deal remains undisclosed, but Finstar said in its press release that its first move as shareholder in the company will be to put €15 million ($16 mln) in funding at its disposal.
Established Regional Presence
Euroloan is a developer and provider of Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term banking services for individuals and online retailers located in several European countries. It said that it will use the funds to accelerate the development of new products in its pipeline. Among its current products is a Virtual Credit Card that offers users tailor-made credit and repayment plans. The firm also provides clients with instant payment, fully automated solutions. For corporate clients, Euroloan offers a range of payment solutions, both for online stores and brick-and-mortar outlets.
Target matches Finstar’s strategic focus of expansion into fintech
For Finstar, the deal represents a further foray into the fintech market, in tune with global trends pointing towards the growing prominence this industry is gaining. The private equity firm manages assets worth $2 billion in a range of industries.
Commenting on the acquisition, Finstar’s Chief Executive Officer Nick Jordan said: "The company matches our strategic focus perfectly and we look forward to contributing to its development and delivering exceptional results.”
Euroloan’s Chairman Tommi Linfors, said: “Finstar’s financial strength and invaluable experience in the FinTech space will enable Euroloan to focus on further expansion while maintaining its financial stability.”
Finstar will have an option to expand its stake in the fintech developer, possibly even to a majority stake, if the partnership indeed Leads Leads Leads or lead generation are an essential component of marketing and powerful tool by brokers. In its simplest form, leads can be defined as the outreach of customer interest or enquiry into products or services, most often associated with brokerages.These can be created for purposes such as list building, e-newsletter list acquisition, or for sales leads. Amongst marketers, such lists are one of their most important assets and instrumental to sales.There are a variety of methods for generating Leads or lead generation are an essential component of marketing and powerful tool by brokers. In its simplest form, leads can be defined as the outreach of customer interest or enquiry into products or services, most often associated with brokerages.These can be created for purposes such as list building, e-newsletter list acquisition, or for sales leads. Amongst marketers, such lists are one of their most important assets and instrumental to sales.There are a variety of methods for generating Read this Term to the mutual benefits expected by the partners, it should solidify both companies’ market position.