DelfinGroup AS (DGR1R)

Overview

DelfinGroup AS, a technology-based financial services company, operates in Latvia under the Banknote and VIZIA brands, serving its customers with a variety of financial solutions. The company, which began as SIA ExpressCredit, rebranded to DelfinGroup AS in February 2020 and has been in operation since 2009. Located in Riga, Latvia, it branches into several service segments, including Pawn Loan, Retail of Pre-Owned Goods, and Consumer Loan. Additionally, DelfinGroup positions itself with a robust online presence, expanding its reach to a broader audience. It is notable that DelfinGroup operates as a subsidiary of SIA L24 Finance, marking its importance within the parent company's portfolio.

Products and Services

• Consumer and Pawn Loans: DelfinGroup provides loans to consumers with options for both secured (pawn loans) and unsecured consumer loans. This versatility caters to a broad spectrum of customers, meeting various financial needs, whether it's short-term liquidity or personal finance management.
• Buy Now Pay Later Loans: Addressing the modern consumer's desire for immediate possession with deferred payment options, these loans offer flexibility and convenience, aligning with contemporary purchasing behaviors.
• Senior Citizen Loans: Tailored financial products developed specifically for senior citizens emphasize DelfinGroup's commitment to inclusive financial services, ensuring that the elderly population has access to suitable financial support.
• Sales of Pawn Shop Items and Pre-Owned Goods: Beyond financial services, DelfinGroup engages in the retail of goods acquired through pawn operations and pre-owned items. This segment not only provides a revenue stream but also supports a sustainable business model by giving pre-owned goods a second life.
• Debt Collection Services: The company offers comprehensive debt collection services, managing overdue debts through efficient collection processes. This service benefits both the company and its clients, ensuring financial obligations are met.
• Debt Sales: DelfinGroup also engages in the sale of debts to external debt collection agencies. This activity provides an alternative revenue stream and assists in the management of the company's risk profile regarding defaulting loans.