Client NewsZaim Credit Systems Plc: Second quarter 2021 trading update Another record-high quarter of loans issued
Zaim Credit Systems plc, the Russian focused fintech group, announces a trading update from its wholly owned subsidiary, Zaim-Express LLC, (‘Zaim-Express’) in respect of the second quarter of the financial year ended 31 December 2021.
Fourth consecutive quarter of Strong Online Growth confirms Zaim’s transition to an Online Fintech Platform
· Strong business growth exceeds expectations and continues to fit within Group strategy to significantly increase market share through focus on maximising growth and customer numbers over profitability
· The Group continued to trade profitably in Q2 2021, the fourth consecutive Quarter of Profitable Growth
· Another record-high quarter with £6.3m loans issued – business growth of 24% vs. Q1 2021
· Mobile application launched in July 2021 creates a transformational new distribution channel to complement rapidly growing online desktop channel and existing offline stores
With Zaim’s online business channel now comprising 88% of total business volumes and continuing to be the main engine for growth, Zaim considers that it has now successfully completed its objective to evolve from a solely physical company to a digital lending company.
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