Neo Finance reported a 113% increase in its EBITDA – profit before taxes, interest, depreciation, and amortization – reaching €2.17 million for the year. The company’s EBITDA margin stood at 27%, according to a company announcement.
“We are on the right track, but there are as well significant challenges ahead – geographical expansion, the implementation and optimization of new services,” said Juozas Kaminskas, head of Neo Finance.
Neo Finance’s payment processing division, Neopay, increased its transaction volume last year, processing over 14 million payments in the fourth quarter – a 28.5% increase compared to the same period in 2024. Neopay processed more than 52 million payments in total throughout the year.
The company’s peer-to-peer lending platform, Paskolų klubas, disbursed more than €45 million in loans during the year, a 7% increase compared to 2024.
FinoMark, Neo Finance’s crowdfunding platform currently in its early development stages, had a loan portfolio totaling €8.1 million at the finish of the year – a 47% increase compared to the same period two years prior.
NeoFinance provides payment services under the Neopay brand, operates the Paskolų klubas peer-to-peer lending platform, and is a major shareholder in the company managing the FinoMark crowdfunding platform.
Lithuanian fintech firm Neo Finance announced a substantial increase in profitability, with EBITDA surging 113% to €2.17 million for the full year. The company reported an EBITDA margin of 27%, signaling improved operational efficiency.
“We are on the right track, but there are also significant challenges ahead – geographical expansion, the implementation and optimization of new services,” stated Juozas Kaminskas, head of Neo Finance. This growth comes as the company navigates an increasingly competitive landscape and plans for future expansion.
A key driver of this performance was Neopay, Neo Finance’s payment processing division. Neopay saw a 28.5% year-over-year increase in transaction volume during the fourth quarter, exceeding 14 million processed payments. For the entire year, Neopay handled over 52 million transactions.
Neo Finance’s peer-to-peer lending platform, Paskolų klubas, also contributed to the positive results, issuing more than €45 million in loans – a 7% increase compared to the previous year. This demonstrates continued demand for alternative lending solutions.
The company’s crowdfunding platform, FinoMark, which is in its initial growth phase, reported a loan portfolio of €8.1 million at year-end, representing a 47% increase compared to the same period two years prior. This indicates promising early traction for the new venture.
NeoFinance offers payment services through its Neopay brand, manages the Paskolų klubas peer-to-peer lending platform, and holds a significant stake in the company operating FinoMark. The diversified business model appears to be yielding positive results for the Vilnius-based financial technology group.
