Categoría: Insights

October was a productive month for hive5, the platform has reached significant portfolio growth, and key business development across the Hive Finance Group. Loan volume funded in October increased by 23% compared to September.

Let’s take a closer look at the main business highlights for October:

• Total loan volume funded since inception: 140 179 245 EUR
• Loan volume funded in October: 8 009 023 EUR (vs 6 494 611 EUR in September)
• Number of loans originated: 12 130
• Average nominal interest rate: 13%
• Total registered investors: 27 811
• Interest Paid to Investors: 3.6M EUR

This notable 23% increase in loan volume was mainly driven by seasonal trends and a broader loan supply within the Hive Finance Group. We’re pleased to see that investors are actively responding to the expanding and high-quality offering on the hive5 platform.

In October, we also welcomed Firmeo, a business lending company owned by Hive Finance Group in Poland. The company started to offer a new asset class –  business loans. This addition, combined with strong seasonal performance, helped drive the higher loan volume.

It is important to remind, that last month, we introduced Google 2-Factor Authentication (2FA) – an additional layer of protection that keeps your hive5 account even more secure. If you haven’t done it yet, we strongly encourage you to activate 2-Factor Authentication today and add an extra layer of protection to your hive5 account.

In a short time, the companies within the Hive Finance Group have achieved what many take years to reach – consistent revenue growth and operational profitability. The past two years have been marked by rapid expansion, disciplined execution, and a clear shift from building foundations to scaling sustainably. 

Reflecting this progress, the 2022–2024 financial report presents consolidated results of all Hive Finance Group companies: Hive5 marketplace, d.o.o., Argentum Capital, Sp. z o.o. (brand name “Ekspres Pożyczka”), Nectar Capital S.L. (brand name “Finjet”) and Hive Finance UAB (holding company). 

Let’s sum up the most important highlights: 

Strong Revenue Growth 

The group’s revenue from operations increased from 135K EUR in 2022 to over 3.2M EUR in 2023 and further to 11.5M EUR in 2024. This impressive +2314% growth in 2023 and +255% in 2024 shows the group’s successful expansion into new markets and strong loan demand across hive5 platform. 

Gross profit shows strong growth: 

• 2022: 112K EUR 

• 2023: 2.36M EUR 

• 2024: 8.77M EUR 

This steady revenue rise emphasizes the stability and maturity of the business model, something every long-term investor values. 

Operating Efficiency and Profitability 

It is important to highlight a critical milestone reached in 2024: the Hive Finance Group of companies became EBITDA-positive, with 2.57M EUR in EBITDA, up from a negative 763K EUR in 2022. 

Operating expenses have grown as the company expanded, but they remain proportionate to revenue and are a sign of controlled scaling. Similarly, loan loss provisions and depreciation increased, which reflects a growing loan portfolio, which is a healthy signal for our investors. 

Turnaround to Profitability 

After operating at a loss in previous years, we have reached profitability in 2024, with a net income of 55K EUR, compared to -755K EUR in 2022 and -410K EUR in 2023. This positive net result is a strong indicator of long-term financial sustainability and execution capacity. Moreover, the equity position is strengthening, reflecting improving profitability and disciplined capital management. 

Moreover, the liquidity has significantly improved. Cash and cash equivalents rose from 225K EUR in 2022 to 1.14M EUR in 2024, while financial expenses decreased by nearly 65%. This suggests not only better capital management but also more favourable financing terms or internal optimisation. 

Asset Base Expansion 

In just two years, total assets grew from 1.23M EUR in 2022 to 11.98M EUR in 2024, which is a nine times increase. This explosive asset growth comes largely from: 

• Loans receivable: from 651K EUR in 2022 to over 10M EUR in 2024 

• Deferred tax assets and property/equipment also increased 

This positions the group well to support further origination volumes without immediate external capital needs. 

The Importance for Investors 

This report confirms that Hive Finance Group has reached a crucial turning point. The group’s ability to scale operations, reduce financial costs, and achieve profitability – all while maintaining growth in assets and revenue – sends a clear message to investors: Hive Finance Group is a fast-growing and highly scalable business. 

Investors could expect that after positive business results, we can focus on better credit scoring, better risk-adjusted returns, and an increasing ability to self-finance or operate with diversified funding strategies. 

As most of us return to work after the holiday season, it’s the perfect time to share how hive5 performed in the final month of summer. August was another solid month for our platform, and we’re especially happy to see investor engagement holding strong.

Let’s take a closer look at the main business highlights for August:

• Total loan volume funded since inception: 125 675 611 EUR
• Loan volume funded in August: 6 556 474 EUR
• Number of loans originated: 9,339
• Average nominal interest rate: 14.1%
• Total registered investors: 27 338

Compared to July, we’ve noticed a slight decrease in originated loan volume. As we mentioned in our previous updates, this is mainly due to reduced capital demand from our main loan originator, which is a natural part of business dynamics as companies adjust to their own operational cycles.

It’s important to note that this shift reflects a healthy ecosystem where businesses are currently operating efficiently and rely less on additional funding. We remain confident that loan volumes will continue to grow in a balanced and healthy way over time, especially as we onboard new originators and expand into new markets.

With the official launch of Credilink business loans and the upcoming release of consumer loans these days, investors can expect even more opportunities on the platform soon. 

Thank you for staying with us.

From today, you have the opportunity to support Credilink’s business expansion through loans listed on the platform. These loans will finance operational costs, IT, marketing, taxes, and other related expenses, and in early September, we will issue our first consumer loans under the Credilink brand. Credilink is starting its business in Romania by applying Hive Finance’s high standards for responsible financing. The company will operate with full transparency, follow a measured risk approach, and comply with all local regulatory requirements.

Strategic Acquisition

As many of our investors know, entering a new regulated market often comes with long administrative processes, and Romania is no exception. Licensing procedures can take months, sometimes more. To move forward faster, our new leadership team found a smarter route: we acquired an existing company with an active license and rebranded it under our name. So, the new legal name is B2Kapital, while the brand name remains Credilink.

B2Kapital had previously issued internal loans to its own network. With the change in ownership, we’ve restructured and repurposed the company to serve as a fully operational loan originator. It becomes part of our broader expansion strategy across Europe. On the platform, business loans will be listed to support Credilink’s business expansion, including financing for operational costs, IT, marketing, taxes, and other related expenses. Accordigly, we plan to launch consumer loans until the end of September. 

Loan terms on hive5:

• Business loans: 90-days duration, 13% interest

Team Behind Credilink

The Credilink team brings deep local expertise and a track record of results:

Laur Emilian, Chairman & CEO

Laur is a leader in banking and consumer finance, known for turning ideas into results. He led the Operations and IT teams supporting the start-up and scaling of Raiffeisen Digital Bank and grew Mobilo Finance’s turnover by 30%, while reducing risk costs by 40%. His strategic understanding, supported by an MBA in International Business and Finance and a PhD fellowship in Strategic Marketing, gives him strong principles for this role.

Emil Minciu, Board Member, Business Development

Emil is an experienced manager and advisor, known for building partnerships and identifying business opportunities. Emil specialises in implementing new technologies and driving strategic change, which he has demonstrated throughout his career in the financial field. Also, he has advised over 100 entrepreneurs. His hands-on experience makes him an ideal leader for Credilink.

Serban Flor, Chief Operations and Risk Officer

Serban Flor is an expert in credit lending, risk management, and anti-fraud measures. His career includes significant financial and telecom roles, where he has consistently improved processes and built strong, effective teams. Serban’s in-depth knowledge of risk management and credit operations will ensure that Credilink maintains high financial integrity and customer service standards.

Aurimas Kačinskas, Board Member, CEO of Hive Finance Group and Hive5

Aurimas brings strategic leadership and a strong operational background from his previous roles at Creditinfo and within international markets. His involvement ensures close alignment between Credilink’s goals and hive5’s long-term platform strategy.

This experienced and motivated team is ready to grow Credilink as a key loan originator for hive5. We look forward to sharing more updates as the rollout continues.

We’re pleased to see that even in the middle of summer, when markets often slow down, hive5 continues to deliver consistent results. July brought another strong month, showing that our community remains committed and engaged regardless of the season.

Let’s take a closer look at the main business highlights for July:

• Total loan volume funded since inception: 119,119,136 EUR
• Loan volume funded in July: 7,526,513 EUR
• Number of loans originated: 10,007
• Average nominal interest rate: 15%
• Total registered investors: 27,186

Compared to June’s loan volume, we have increased by 27% in the originated loan volume in July. This is a satisfying result and a clear sign that we are moving in the right direction.

In addition, we have some important information to share: starting August 7, interest rates for certain loan types will be adjusted due to reduced costs and higher investor demand. New rates will range from 13.5% to 14% for Finjet ES loans. This change applies only to new investments made after this date and will not affect existing ones. If you use auto-invest, please review and adjust your settings accordingly.

Finally, we’ve acquired the hive5.comm domain, making it even easier to find us. You can now reach our support team at support@hive5.comm or continue using support@hive5.com.

We would like to inform you that, starting August 7, interest rates will be reduced. This adjustment is due to lower costs and increased investor demand.

Please note that the new interest rates will range from 13.5% to 14%. We recommend reviewing and adjusting your Auto-Invest strategy accordingly.

These revised rates apply only to new investments made from August 7 onward and will not affect your existing investments.

New Interest Rates:

• Finjet ES | Consumer Loans | up to 30 days | 13.5% ROI

• Finjet ES | Business Loans | up to 3 months | 14% ROI

If you have any questions, our support team is happy to assist you.

Finjet is the main loan originator on hive5 and is already favored by many investors. Since launching operations in 2024, it has demonstrated steady growth and ambitious expansion plans in Spain. Accordingly,  Finjet continues to strengthen its position in the lending market. This update highlights recent business achievements and introduces a new CEO.

Solid Business Performance

Since its launch, the company has provided a total of €13.8 million in loans. What stands out is the growing trust of users: 32% of their borrowers are repeat customers. Today, Finjet serves over 42,000 registered clients.

This steady growth reflects a balanced and data-driven lending approach paired with user-friendly service and strategically planned expansion. As Finjet continues to grow, it remains committed to responsible credit issuance and sustaining long-term client satisfaction.

Meet Luis M. García Ortega – Our New CEO

Finjet has officially selected Luis M. García Ortega as its new Chief Executive Officer. Before stepping into the CEO role, Luis was the key person in shaping the company’s operational processes as Head of Operations. His strong focus on process efficiency, cost control, and automation helped apply the groundwork for the company’s scalable growth.

Luis brings over a decade of experience in financial services, including senior positions in international fintech companies (like Ferratum Group), where he specialises in risk modelling, credit operations, and product delivery. His previous work involved leading teams through high-growth phases while implementing digital systems. Known for his ability to connect strategy with execution, Luis is respected not only for his technical insight but also for his ability to build collaborative teams.

At Finjet, he has already introduced significant changes, such as improving customer communication flows and integrating smarter data usage into everyday operations. 

«With a clear strategy and experienced leadership, we’re focused on growing Finjet responsibly—by increasing efficiency, enhancing the lending experience, and ensuring full transparency in everything we do.» — Luis M. García Ortega, CEO of Finjet

Looking Ahead

With strong business fundamentals and a renewed leadership vision, Finjet is well-equipped to accelerate its growth in the coming months. As it continues expanding the company remains dedicated to responsible lending, operational excellence, and delivering consistent results for both borrowers and investors on the Hive5 platform.