Canada

• The survey was conducted for Ferratum Group’s active customers in 20 countries across Europe and Commonwealth countries as a web survey with a standardised questionnaire for all locations. Incomes are stated in local currency and relative Christmas consuming is calculated as a ratio of family’s monthly disposable income in each country. Disposable incomes were adjusted by each country, individual purchasing power parity based on 2014 figures by The World Bank.

• 13 261 households participated in the survey. Respondents were aged between 18 and 65 and 49.64% were women. The average available net income of participating households in these 20 countries was € 230 – € 6720. The avarage household size among the respondents was 2.59 persons.

• In addition to demographic factors, respondents were asked about disposable monthly net income, how much they spend on their Christmas, which activities they spend their money on, how much shopping they do online.

• The surveys used each country’s respective currency. Responses were evened out to reflect the respective purchasing power of each country. All survey respondents were anonymous.

FERRATUM GROUP – A pioneer in Financial Technology and mobile lending

Ferratum Oyj – listed in the Prime Standard of the Frankfurt Stock Exchange – offers a fast and easy to use mobile lending and banking services for consumers and businesses. Ferratum Bank Plc, a subsidiary of Ferratum Oyj has recently launched its revolutionary Mobile Bank in Sweden, Norway and Germany.

Managed by its founder Jorma Jokela, Ferratum has expanded rapidly since its foundation in 2005. The Group has 1.5 million active and former customers who have been granted one or more loans and 4.3 million user accounts in its database. Ferratum is represented in 23 markets in Europe, Americas and the APAC regions and has its headquarters in Helsinki, Finland. In 2015 the Group Revenue reached EUR 111 m with a profit (EBIT) of EUR 16.5 m.

A leading Mobile Bank with revolutionary features

The Ferratum Mobile Bank is now available for Swedish, Norwegian and German residents and will be scaled to other European countries with revolutionary features:  An account opening in five minutes, multicurrency debit card, up to 15 currency accounts, real time transactions within the European Economic Area, savings account and term deposits with competitive interest rates as well as real time mobile loans.

Ferratum products and services

The strategy is based on geographical expansion, further product diversification and the Mobile Bank. Ferratum offers fast, easy and hassle-free loans to consumers. The services can be accessed online and on mobile devices, and a loan decision is usually made within minutes. Customers can apply for credit amounts between EUR 50 and EUR 5.000. Ferratum also offers instalment loans to small businesses with a successful track record.

The banking sector is changing rapidly. Recent studies show that the usage of mobile banking solutions will increase significantly by worldwide growth of smartphone usage and change in consumer behaviour. With longstanding expertise in the area of mobile lending services, Ferratum is well positioned to be established as a mobile bank in the age of digital revolution.

Ferratum customers

Ferratum customer base comprises a wide cross-section of our markets’ populations. The typical Ferratum customer represents a middle class household. Our customers are nearly equally divided between men and women. We have active users among all age demographics. Couples with children represent  42 % of Ferratum Customers while the share of singles is 35 %. Two thirds of Ferratum customers have full time employment.

Uniting our clients is usually the wish to get an easy, quick, anonymous and an unbureaucratic bridging loan. The product usage is as follows: invoice (39%), impulse (36%), hobbies (11%), restaurant (8%), paying depts (3%) and other (4%).

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