Lendomatic has now gathered a total of three country licenses from their respective Financial Supervisory Authorities.
Back in 2016, when the Lendomatic venture first started, Founders Casper Ravn-Sørensen and Mads Emil Fast Dahlerup, decided to enter the field they both had tremendous experience from, within digital marketing and the affiliate business.
Both acknowledging the great potential, they started the long process of getting the first licens of the company, for the Danish market, from Finanstilsynet.
“It was a long process, but we were – and are – very determined, so we crossed the finishline, though it was a battle.”
– Casper Ravn-Sørensen, Founder
Ravn-Sørensen and Dahlerup have both invested their heart and soul, and own capital, into what looks like a very promising company. The first report for the fiscal year of 2017 showed positive, which is very unusual for any company, and especially in the financial business.
New, undiscovered markets
This year Lendomatic will enter new territories with unexplored markets for the company. Starting out with the Swedish market in the beginning of the second half of 2018. Swedish Country Manager Jacob Hansson looks forward after an 11-month long application process with the Swedish FSA (FI) to get the license to operate approved.
“We are happy to finally be approved and to start preparing for the launch. As a really innovative and modern consumer loan company, there are huge possibilities for us in Sweden and the other Nordic countries. It’s an exciting time at the moment and we are looking forward to enter the Swedish market.”
In Sweden the company will operate as Finans 24/7 Sverige AB, and the first short term loan product will be offered through the ProfilKredit brand.
Fin(n)ishing off this years expansion of the company, will be the move into the Finnish market. After touching base in Sweden, the company will bring the ”secure lending made easy” motto to the third Scandinavian country, under the name Finance 247 Finland OY.
”We expect to go live in Finland around fall 2018” says CEO Mikkel Winston, without promising too much.
Lendomatic is primarily owned and operated by Mads Emil Fast Dahlerup and Casper Ravn-Sørensen, along with handpicked investors.
CEO Mikkel Winston joined the team in October 2017, and has since day one, had a big part in the rising, ongoing success of the company.
*+30.000 loans per July 3rd, 2018
A great base – What to expect in the future?
Expectations keep rising inhouse, with an intense focus to avoid a satisfied attitude. Long term goals include doubling and even tripling value, but to make those climbs realistic, short term focus is key.
”The markets we are going to enter, are unique and have each of their differences, good and bad, but all-in-all they are also similar in many ways. It is important for us to learn from mistakes on the Danish market, and bring those experiences across the boarders. In the new territories, we have to start out on a smaller scale, including a lot of testing.
It is also impeccable that we recruit relevant people with relevant knowledge in these specific markets.”
– Casper Ravn-Sørensen says.
After a succesful first report for the company, the future looks very promising for Lendomatic.
Danish FSA License
Swedish FSA License
Finnish FSA License
Article written by Christian Lisby