Ecofinance, operating in the Moldovan market under the brand CreditPrime, has demonstrated a strong growth in 2024. Total sales experienced a 51% increase, but portfolio growth was even better at 53% in comparison with the previous year.
Ecofinance, known by the customers as CreditPrime in Romania, has demonstrated a stable growth in 2024. Total sales have reached a 24% increase, while the total portfolio has grown by 25%, compared to the previous year.
Ecofinance, which operates in the Philippines market under the brand Honey Loan, has experienced a rapid growth in 2024. Looking at the results of Q4, compared to the previous quarter, number of new loans increased fivefold, number of repeat loans grew 30 times, but sales rose by impressive 80 times.
CreditPrime Moldova becomes the first in its industry to integrate the innovative MIA instant payment service of National Bank of Moldova. This revolutionary service enables instant fund transfers between national bank accounts in MDL using only a phone number without the need for card details.
Ecofinance, a financial technology company, has entered the Southeast Asian market by launching its operations in the Philippines. As part of the expansion strategy, Honey Loan, a new consumer brand, has been introduced to provide accessible and transparent financial services to local consumers online.
Ecofinance, that operates in Romanian and Moldovan markets under the brand CreditPrime, has seen a robust portfolio growth last quarter, compared to the same quarter last year.
Rucsandra Larisa Stanciu successfully led Ecofinance in Romania operations for seven years and now will take on the role of Group Chief Executive Officer (CEO). In this new position, she will oversee the Ecofinance executive team and manage the company's operations. Take a moment to find out more about her journey in the finance sector, the core values driving the success of Ecofinance, and a forward-looking perspective on the future of fintech.