Categoría: Insights

Happy New Year! We will continue to update you on last month’s results. The hive5 demonstrates stable growth, even during the holiday season, typically facing higher withdrawal activity. Despite these seasonal dynamics, our platform maintained solid performance. 

• Total loan volume funded since inception: 76,389,638 EUR 
• Total loan volume originated in December: 5,120,570 EUR (vs. 4,706,467 EUR in November)
• Number of loans originated in December: 7,658
• The average nominal interest rate of loans originated in December: 15,1% 
• Number of active investors: 19,103
• Paid back principal total: 64,702,814 EUR
• Paid back interests total: 1,685,038 EUR 

In December, the loan volume that originated stood at 5,120,570 EUR, reflecting a steady increase compared to November’s 4,706,467 EUR. In addition, one notable increase was the average nominal interest rate of loans originated in December, which grew to 15.1%, up from 14.2% in November. While we observed higher withdrawal activity due to the festive season, it had minimal impact on our overall performance.

In 2025, we focus on improving the hive5 platform to provide a better user experience. Investors are already testing the new account statement feature. However, this is just the beginning – more updates are on the way to make a better user experience.

Thank you for your trust and patience as we finalise unfinished projects from last year. Together, we look forward to reaching even greater heights in the year ahead.

As 2024 is coming to an end, we reflect on a year of incredible progress, stability, and innovation at hive5. This year, we reached significant milestones; however, we faced some challenges and learned the lessons to enter 2025 with more wisdom and motivation. 

The Main Achievements

• Total loan volume funded since inception: reached over 70M EUR, with consistent growth month after month.
• Interest paid to investors: Over 1.5M EUR.
• Active investors: Grew our investor base to over 17,000.
• Expected to pay the first year of dividends (for the company “Hive Finance”). We plan to reinvest a significant part of it into business expansion and improve our liquidity buffer.

Expansion into New Markets

In 2024, we made significant business expansion across Europe. We successfully launched FinJet in Spain, meeting the strong demand for short-term loan services. Additionally, we began to develop a loan business in Romania with a new brand Credilink. These milestones have created investment diversification opportunities and strengthened our position in the P2P market.

Lessons Learned in 2024

No year of growth comes without its challenges, and 2024 was no exception. The transition to a new marketplace IT system earlier this year brought unexpected difficulties. Although this created temporary disruptions, it also provided valuable lessons about system optimisation and investor communication. In addition, the completion of our audited financial statements for 2023 and the first nine months of 2024 was delayed due to the increasing complexity of operating as a multinational group. This challenge emphasised the importance of meticulous cross-border tax compliance and governance.

Undoubtedly, our resilience and focus on continuous improvement have strengthened hive5 for the years ahead.

Strategic Plans

Looking ahead, hive5 is gearing up for another year of ambitious growth. Our key objective for the next year is further business expansion. We plan to launch a second brand in Poland and expand offerings with new products for Polish consumers. The goal is to rank among the top five microloan providers in Poland. We plan to triple FinJet’s growth in Spain while maintaining portfolio profitability. Also, a very important goal is to launch Credilink in Romania. We aim to scale operations quickly and reach a break-even point by the end of 2025. 

Moreover, our team is actively exploring opportunities in new markets and developing innovative financial products to diversify offerings for both borrowers and investors.

Last but not least, we will continue prioritising transparency, ensuring timely communication, and developing new features to make the investment process even more seamless.

Thank You

As we close 2024, we want to express our deepest gratitude to our investors, partners, and team members who have been loyal to us. Your trust and support are our motivation to deliver excellence.

We’re excited to step into 2025

We recently surveyed our investors to understand the general atmosphere among them, aiming to find out their opinions and investment goals for the future. Today, we would like to share the main insights from the survey.

Portfolio Allocation and Diversification

To find out how much our investors tend to diversify their investment portfolio among different types of investments, we have asked about their current investment distribution. 42% of respondents indicated that P2P lending includes 10% of their overall portfolios. Additionally, 30% of our investors reported allocating more than 30% of their portfolios to P2P lending—an encouraging figure highlighting investors’ trust in this investment type. These percentages underscore the importance of P2P lending as a growing part of diversified strategies.

Additionally, it was also clear from the survey that our investors are committed to diversification. Nearly 60% of respondents invest in stocks, making it the most popular asset class besides P2P lending. Real estate follows closely, with 44% of investors allocating funds to this sector, while 34% invest in cryptocurrencies. This spread shows that hive5 investors value a balanced approach, aiming to spread risk while capitalizing on multiple asset classes.

Plans for Future Growth and Satisfaction

One of the most satisfying insights is that 69% of investors plan to increase their P2P investments shortly. With investors planning to increase their portfolios, it’s obvious that P2P platforms are seen as valuable for both income and long-term growth potential.

Finally, the responses were overwhelmingly positive regarding the overall opinion towards P2P lending. 22% of participants described their opinion as «very positive,» and 63% expressed a «positive» view. Notably, none of the respondents indicated a negative perception of the P2P market. It highlights P2P lending as a reliable and constant choice for their investments.

Thank You

Thank you to everyone who participated in the survey. Your input is invaluable, and it guides us to progress and seek for the best results.

It’s been a while since our last interview with a team member. Today, we’d like to introduce a significant person who stands behind every newsletter you receive and every strategy designed to attract new investors. It is Karolina Tomaševičė, the Chief Marketing Officer of hive5. With nearly a decade of experience in marketing and a unique approach to community building, Karolina plays a key role in shaping hive5’s brand, connecting with clients, and driving the platform’s growth. Here’s an inside look into Karolina’s journey, principles, and vision for hive5.

Tell us briefly about your work experience.

«I’ve been in the marketing field for almost ten years, specialising in diverse industries and responsibilities. At hive5, my role involves managing the brand, attracting new customers, retaining loyal investors, and leading market research efforts to keep our strategies side by side with investor needs. Additionally, I’m deeply involved in digital marketing—developing and executing strategies to increase engagement and growth. My career before hive5 included being Head of Digital Marketing at PeerBerry, where I learned a lot about cross-channel strategy, digital communication, and optimising performance based on data insights. From these experiences, I always use data to guide decisions, which, I believe, drives my approach to growth at hive5.»

What personal values or principles guide your daily decisions?

«Honesty, trust, and transparency are the key aspects of my decision-making. In the investment world, these values aren’t just important—they’re essential. I want to ensure clear and transparent communication with our investors and partners, which builds the foundation of long-term trust. I’m also committed to continuous improvement, finding ways to simplify processes, and gradually integrating innovations. While we’re still progressing with some upcoming projects, these innovations are rooted in these core values, which we’ll carry forward as we expand.»

Which daily task do you enjoy the most in your role?

«What I enjoy most is building connections and investors’ community. It’s incredibly rewarding to see our Telegram community grow, welcome new investors, and attract new partners who trust in us. Watching the hive5 family grow and seeing people feel confident and engaged is a big sign that we’re moving in the right direction. In this field, it’s not a one-time transaction but about building lasting relationships. Knowing we’re creating something impactful motivates me every day.»

In moments of challenge or uncertainty, what personal traits or skills do you rely on to keep hive5 on track?

«In the fast-paced fintech industry, circumstances can change rapidly. For me, objectively assessing a situation and, if necessary, quickly shifting our strategy is key to driving the platform’s growth. I rely on objectivity and flexibility to consider new information and adapt to changing circumstances. These traits allow me to guide our marketing efforts and help the team stay aligned, even when we face unexpected challenges.»

What, in your opinion, makes hive5 stand out among other platforms?

«Hive5’s uniqueness lies in its people and its openness. Our shareholders and team have long-standing experience in fintech, bringing professionalism that inspires trust. We believe in easy accessibility, where both myself and our CEO, Ričardas Vandzinskas, are reachable on social platforms, ensuring our community knows we’re just a message away. Unlike large corporations, we aim to keep communication direct and open. Additionally, we offer competitive interest rates and maintain an impeccable record—no loan on our platform is delayed. Our strategy is built on transparent communication, which makes hive5 not just a platform but a trusted investment partner.»

Karolina Tomaševičė’s huge commitment to honest communication and investors’ community building has played an essential role in hive5’s success and growth. Her dedication to each task, approaching every detail as a vital component of our success, sets a high standard for those around her. We are very proud to have her driving hive5 forward

Recently, we have noticed a growing number of new investors. As they join our community, we want to tell you again who are the key forces driving our platform’s success: the co-founders of hive5, Ričardas Vandzinskas and Andrius Rupšys. After more than two years since the platform’s launch, we can be sure that their extensive experience in finance and technology, combined with their shared vision, have ensured that hive5 remains a reliable and popular platform for investors.

Ričardas Vandzinskas: The Financial Strategist 

Ričardas Vandzinskas, co-founder and CEO of hive5, brings over 17 years of expertise in multinational finance, investment management, and corporate governance. His extensive public accounting and finance background and strategic insight have significantly shaped hive5’s financial stability and long-term growth.

Throughout his career, Ričardas has held significant roles, such as Supervisory Board Member and Independent Audit Committee Member, giving him a deep understanding of corporate governance and financial risk management. His ability to translate business strategy into actionable financial plans undoubtedly ensures hive5’s success. Beyond the numbers, Ričardas is known for his forward-thinking approach to finance, always looking for ways to align risk management with investor needs.

Moreover, Ričardas’s commitment to encouraging the next generation of leaders is reflected in his role as a mentor at the Kaunas University of Technology. Since 2017, he has guided students in leadership development and personal growth, instilling self-motivation and strategic thinking values. This passion for mentoring shows that Ričardas believes in enabling talent within hive5 team members and the broader community.

Andrius Rupšys: The Technology Visionary 

On the other side of the co-founding duo is Andrius Rupšys, an entrepreneur with a deep-rooted passion for technology and innovation. From an early age, Andrius was fascinated by computers, and his entrepreneurial journey began when he started his first business as a teenager, assembling and selling personal computers.

Before developing hive5, Andrius’s most outstanding achievement was founding Ruptela, one of Lithuania’s most well-known IT companies. Under his leadership, Ruptela grew from one idea into a profitable company, providing cutting-edge fleet management and GPS tracking solutions. His ability to turn a concept into a scalable business has been a cornerstone of his success, and this same entrepreneurial spirit drives his role at hive5.

During his nearly 15 years at the helm of Ruptela, Andrius earned multiple awards, including being named «CEO of the Year» in Lithuania, «The Most Attractive Employer in Lithuania» and the «I Love My Company» award. Andrius’s approach to building businesses goes beyond technical expertise. 

The Great Partnership 

Ričardas Vandzinskas and Andrius Rupšys form a dynamic partnership combining the best professional fields: financial insight and technological innovation. Their combined experience has eventually allowed hive5 to grow while maintaining the core values of transparency, reliability, and professionalism. Their professional backgrounds and personal values make hive5 a platform investors can count on for short-term gains and long-term success.

Both co-founders believe in clear communication with investors and ensuring that risks are properly managed and understood. This approach has set hive5 apart from many other platforms in the market. As new markets are developed and more opportunities are created, Andrius and Ričardas’s leadership continues to guide the business toward greater success. 

Reviewing business results for such a successful month as September is always a great pleasure. In September, we saw significant growth in loan volume and a steady increase in active investors, further demonstrating the platform’s continued progress and trust in our business. With over 62 mln EUR in total loan volume funded since inception, hive5 remains committed to delivering strong, reliable results for the investors.

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

• Total loan volume funded since inception: 62,592,600 EUR
• Loan volume originated in September: 5,053,383 EUR (vs. 3,734,058 EUR in August)
• Number of loans originated in September: 7,302
• Average nominal interest rate of loans originated in September: 14.8%
• Number of active investors: 14,670
• Paid back principal total: 52,544,796 EUR
• Paid back interests total: 1,281,000 EUR

September has been marked by rapid growth in loan volume originating, reaching over €5 million for the month. This significant result demonstrates still growing interest in hive5’s investment opportunities (compared to August’s 3.7 mln EUR). In addition, we’re proud to share that hive5 has paid out more than €1 million in interest to investors. With over 52 mln EUR in principal paid back, investors can continue to trust that their funds are in safe hands.

Looking ahead, hive5 focuses on expanding into new markets to provide our investors with even more diversification options. This strategic move will allow us to continue growing while offering our users more investment opportunities. 

As we continue to expand and develop new markets, we’re grateful for our investors’ trust and look forward to reaching new milestones together.