Polish companies from the fintech industry feel better and better on international markets. Poland and the Baltic States are becoming a driving force for many innovative ventures on the border between finance and new technologies. In this regard, these relatively young economies stand out from other EU countries.

A perfect example of this is the Credit Royal, which successfully operates on the financial market, achieving excellent results and above-average growth rates.

It has been operating since 2012 and forms the core of the Credit Royal Group. The group is made up of financial institutions providing cash loans to individuals and companies in both door-to-door and online models.

In addition, the group consists of companies conducting professional activities including credit intermediation and debt collection.
The group operates successfully in five European markets – Poland, Spain, Germany, Latvia and Estonia. In total, the firm employs over 900 employees.

One of the leading companies that make up the group is the Dziesiątka Finanse loan company. It has been on the Polish market for 19 years, and for over nine years as Dziesiątka Finanse.

“Over the years of activity, we’ve learned that the best and most effective model of operation is being a reliable and proven partner for our clients,” the company’s representatives claimed.

“We put honesty and direct contact with clients as well as a firm foundation of the company in local communities in the first place. We have achieved stable and predictable financial results. The company has recorded a steady increase in the value of assets and developed at an extremely dynamic pace,” they stated.

In January 2020, the Credit Royal group finalized the purchase of a second loan company – Préstamo10 – operating on a foreign market. Préstamo10 is a well-known technology company that has been providing short-term consumer loans for 10 years, the group said. It is also the oldest online loan company in Spain. The company has over 400,000 registered customers and has serviced over 1.35 million loan applications and granted over 193,000 consumer loans for a total amount of nearly €52 million. The company has ultramodern system tools and extensive databases that enable work based on machine learning and deep learning. Thanks to the use of large data sets and advanced assessment modules, Préstamo10 is able to make credit decisions intelligent, which results in a low loss ratio and high profitability of loan portfolios. The first loan is obtained within a dozen or so minutes, while regular customers can get a loan in almost real-time through the P10 application. The company has today implemented tomorrow’s solutions, added the group.

The owner of Préstamo10 has been wholly owned by the Credit Royal group since January 28, 2020.