NEO Finance is a peer-to-peer lending platform based in Lithuania, operating under the company NEO Finance, AB. It is notable for being the first Lithuanian P2P platform to hold an unlimited electronic money institution (EMI) license, allowing it to operate across the European Union[1][2][3]. ### Key Features and Operations: - Peer-to-Peer Lending: NEO Finance offers a platform for investors to lend money to borrowers, with operations supervised by the Bank of Lithuania[2][3]. - Brands: NEO Finance, AB owns three brands: Paskolu klubas, Neopay, and FinoMark. Paskolu klubas provides peer-to-peer lending services, while Neopay offers payment initiation and account information services[1]. - Investment Options: Investors can manually select loans or use an automatic investment feature, which allows them to set criteria for investments[2]. - Provision Fund: NEO Finance offers a Provision fund service, which reduces investment risk by covering payments if a borrower defaults[2]. - Regulatory Compliance: NEO Finance is included in several lists maintained by the Bank of Lithuania, including peer-to-peer lending platforms and consumer credit lenders[2]. ### Financial Performance and Impact: - Loan Volume: As of the latest data, NEO Finance has issued over 23,751 loans with a total value exceeding 216 million[3]. - Investor Base: The platform has attracted over 15,968 investors[3]. - Return Rates: Historically, NEO Finance has offered average return rates of around 12%[3]. ### Expansion and Acquisitions: - FinoMark Acquisition: In 2020, NEO Finance acquired FinoMark, a crowdfunding platform, which began operations in 2021[1]. - SFR Licence: In 2023, FinoMark received a crowdfunding service provider licence under the SFR Regulation, enabling it to operate across the EU and EEA[1].