The largest and currently the most popular mutual borrowing platform in Lithuania “Neo Finance“, has received recognition in FintechWeek Awards 2020. The platform, which has been operating for six years, has been awarded as the company of the year in the category of lending, investment and P2P.
“NEO Finance” is the largest peer-to-peer lending platform in Lithuania that connects people who want to borrow on good terms with those people who can lend funds. In six years, the platform has not only become the largest mutual borrowing platform in Lithuania, but also united more than 11 thousand investors and almost 10 thousand borrowers.
Loans granted over the entire period of operation exceeded more than EUR 50 million. Moreover, “Neo Finance” is the only P2P platform which does have EMI licence, as well as, with payment initiation service “Neopay“ offers transactions worldwide. As the founders say, the business model of the company is focused towards longevity and security.
Organized for the first time, Lithuanian Fintech Awards were open in 10 different categories, designed to celebrate the best industry’s achievements and success stories of the country. A range of categories covering key disciplines is offering Lithuanian registered organizations the opportunity to showcase their accomplishments during the year 2019-2020.