Creamfinance Announces Relocation of the Corporate Headquarters

WARSAW, Poland--()--Creamfinance, an online consumer finance company, strategically relocates headquarters from Riga, Latvia to a spacious building at the epicentre of the financial district in Warsaw, Poland. More than 70 employees will be located at the new downtown headquarters. It is expected that the move will create 40 new jobs within the upcoming half a year.

According to the CEO Matiss Ansviesulis, the choice to relocate the headquarters from Riga to Warsaw was a strategic decision, led by a recent business expansion. "We are transforming Creamfinance into a faster growing, more profitable and more global company. Keeping in mind that Poland is the 6th biggest economy in Europe, such choice will allow for increased efficiencies and cost synergies across the company. It will also allow us for access to talent in the more developed market", explained Matiss Ansviesulis.

Managing Direction of Creamfinance Poland, Adam Dabrowski explained that with the new facilities the company will now be able to increase capacity throughout the organization. "We are excited to help accommodate the changes and will contribute to even more dynamic development of Creamfinance LLC", he explained.

Creamfinance LLC, online consumer finance company was founded in 2012. The mission of Creamfinance is to make money available; this is done by providing consumers loans online in a convenient and speedy manner. The company puts emphasis on using the most advanced and representative scoring techniques by analyzing online data, credit Intel and application data from traditional sources. Proven by track record from many consecutive years, this is the most accurate way of measuring whether it’s appropriate to lend. The company aims to become one-click loans' company to consumers globally.

National platforms are operated by an international team, consisting of over 200 employees from 9 countries, working to improve services across five main operating markets – Latvia, Poland, Czech Republic, Slovakia and Georgia.

Last year Creamfinance raised 5 million euros from an international venture capital fund Flint Capital, based in Silicon Valley and focusing on FinTech and mobile technologies investing across US, Israel and Europe. Creamfinance plans to use investment to increase product portfolio and facilitate expansion into new markets, such as Caucasus and South America.

For additional information about Creamfinance: https://www.creamfinance.com

Contacts

Creamfinance
Investor Relations:
Jerzy Karney, +48 508 400 910
jerzy.karney@creamfinance.com
or
Media contacts:
Viktorija Gorcakovaite, +371 206 557 02
viktorija.gorcakovaite@creamfinance.com

Release Summary

Creamfinance, an online consumer finance company, strategically relocates headquarters from Riga, Latvia to a spacious building at the epicentre of the financial district in Warsaw, Poland.

Contacts

Creamfinance
Investor Relations:
Jerzy Karney, +48 508 400 910
jerzy.karney@creamfinance.com
or
Media contacts:
Viktorija Gorcakovaite, +371 206 557 02
viktorija.gorcakovaite@creamfinance.com