Creditstar

Blog

  • Creditstar Group completes €4.6m hybrid investment with Kilde at €130m pre-money valuation

    Creditstar Group completes €4.6m hybrid investment with Kilde at €130m pre-money valuation

    Creditstar Group has completed a €4.6 million first external hybrid equity investment from Singapore-based investor Kilde at a €130 million pre-money valuation .  

    The investment is structured as a convertible loan, carrying interest during the holding period and includes an option to convert into equity shares. The transaction builds on a multi-year relationship between the two firms, during which Kilde previously provided the group with credit facilities totalling €18.4 million ($20 million).

    For Creditstar Group, the investment represents an important step in broadening its capital base beyond retained earnings, shareholder capital and debt instruments. The investment follows a record 2025 audited performance. Net profit rose 86% to €13.5 million, extending the group’s profitability streak to 19 consecutive years. Interest income climbed 50% to €111 million, while the loan book reached €482 million.

    The investment will support the group’s next phase of product expansion, including its credit card in Estonia, which is planned for wider launch later in 2026. The product is set to broaden the group’s offering beyond instalment and revolving credit, supporting more frequent customer use and longer-term customer value.

    “The completion of this investment is an important milestone for Creditstar Group,” said Aaro Sosaar, founder and CEO of Creditstar Group. “We have built the business profitably over two decades, with a clear focus on disciplined growth, risk management and product development. Bringing in equity-linked capital from an existing funding partner is a meaningful signal of confidence in our business, team and the next stage of our growth.”

    Radek Jezbera, co-founder of Kilde, said: “Our decision to back Creditstar builds on the relationship already established through our debt partnership. The group has demonstrated a combination of operational execution, credit discipline and product ambition. We see a proven business with clear room for further expansion.”

  • Creditstar Group reports record 2025 results as interest income exceeds €100m

    Creditstar Group reports record 2025 results as interest income exceeds €100m

    Creditstar Group AS has published its audited consolidated annual results for 2025, reporting record financial performance as the group expanded its loan book, strengthened liquidity and continued to diversify its funding base. Profit for the year rose 85.9% to €13.5m, compared with €7.2m in 2024. Interest income increased 49.8% to €110.9m, while the group’s loan portfolio after provisions grew to €482.2m, up from €351.2m a year earlier. Total assets reached €545.2m at year-end, compared with €367.0m in 2024. Equity increased to €85.1m, while cash and cash equivalents stood at €46.8m.

    The results reflect Creditstar group’s model of matching diversified investor funding with consumer lending across multiple European markets. The group lends to consumers through the Creditstar brand in eight markets. Monefit is the group’s second consumer finance brand, which includes Monefit Credit Line and Monefit SmartSaver, a digital investment platform for retail and corporate investors. Alongside bonds, institutional facilities and other P2P financing, investor funds raised through SmartSaver help finance the group’s consumer lending portfolio.

    Aaro Sosaar, CEO of Creditstar Group, said: “2025 was a year of disciplined scale for Creditstar. We passed €100m in interest income for the first time, grew the loan portfolio materially and ended the year with a stronger liquidity position and broader funding base.

    “Our focus remains straightforward: grow lending where the unit economics are attractive, maintain underwriting discipline, and continue building a funding structure that supports long-term resilience. The results show the benefits of that approach.”

    Under the Creditstar and Monefit brands, the group provides fixed-term instalment loans and flexible revolving credit in Estonia, Finland, Sweden, Poland, Czechia, Denmark, Spain and the United Kingdom. During 2025, the group expanded loan amounts and tenors in Finland, Poland and Estonia, focusing on higher-income customer segments and larger, longer-term lending. 

    Funding was a central execution priority in 2025. Creditstar raised €53 million through two bond issuances, including a record €46 million transaction in Q2 and a further €7 million in Q4. The group also expanded its institutional credit facility by US$10 million to US$20 million, further diversifying its funding base.

    Monefit SmartSaver also continued to grow as part of the group’s funding model. Available across 30 EEA countries and Switzerland, the platform’s investor base increased by 64% year-on-year, supported by product improvements including Instant Withdrawals of up to €1,000 per month. Cumulative returns earned by investors reached €17.8m by 31 December 2025, up €13.1m from a year earlier.

    Valter Kaleta, member of the supervisory board at Creditstar Group, said: “The funding base changed materially in 2025. We raised €53m through the bond programme, doubled our credit facility to US$20m and saw SmartSaver’s investor base grow by 64%.

    “That combination gives the group more flexibility and reduces reliance on any single source of capital. It is also reflected in the interest expense-to-interest income ratio, which improved to 45.8% from 50.3% in 2024.

    “The priority now is to build more durable funding as the business scales. That means balancing growth, cost of capital and portfolio quality, rather than simply increasing funding volumes.”

    Post-period end, in January 2026, Creditstar UK Ltd received approval from the Financial Conduct Authority to operate as a mainstream consumer credit lender, supporting the group’s expansion in one of Europe’s largest consumer finance markets.

    The group’s 2026 priorities include disciplined portfolio scaling, product diversification, a broader funding base, stable portfolio quality and improved operating efficiency. The group is also advancing new credit card under the Monefit brand, with launch anticipated later this year.

    The full report can be found HERE.

  • Creditstar Group Completes €32 Million Bond Issuance

    Creditstar Group Completes €32 Million Bond Issuance

    The newly issued secured bonds carry coupon rates ranging from 10.0% to 12.0%, with maturities on 1 June 2027, 1 June 2028, and 1 June 2029. The proceeds will be used to refinance existing liabilities and support the continued growth of the group’s consumer credit portfolio across its European markets.

    The issuance attracted participation from new and existing investors, demonstrating continued investor support for the group.   

    Aaro Sosaar, CEO of Creditstar Group, commented: “The strong participation reflects investor trust in Creditstar’s business model and the strength of our long term investor relationships. Together with a more diversified funding mix, this supports our ability to fund growth across Europe on more efficient terms.”

    Valter Kaleta, Board Member at Creditstar Group, added: “The proceeds will be used to refinance existing liabilities and support portfolio growth. The new coupon range is 1.5 percentage points below the equivalent issuance completed in the same period last year, supporting a more efficient funding structure and extending the group’s maturity profile.” 

    The latest issuance was registered by Nasdaq CSD SE, with legal counsel provided by Sorainen.

  • Creditstar UK secures FCA approval to offer mainstream consumer lending 

    Creditstar UK secures FCA approval to offer mainstream consumer lending 

    Our UK subsidiary has received approval from the Financial Conduct Authority (FCA) to operate as a mainstream consumer credit lender in the United Kingdom. The new permissions support the Group’s strategy to scale its lending activities and broaden its product offering in one of Europe’s largest consumer credit markets.

    Following FCA approval, Creditstar UK is offering fully digital personal loans of up to £10,000 with repayment terms of up to 60 months, offering practical financing with clear terms and a simple, transparent customer experience.

    We previously operated a limited high-cost short-term credit portfolio in the UK. Following the new authorisation, the Group has ceased offering this type of credit and will run off the existing portfolio. 

    “Receiving this FCA approval is a major milestone for Creditstar Group,” said Aaro Sosaar, Founder and CEO of Creditstar Group. “This authorisation allows us to further expand our technology-enabled lending platform in the UK and bring our disciplined, data-driven approach to one of Europe’s largest consumer credit markets. We see strong long-term potential in the UK and are committed to building a scalable and responsible lending business here.

    ”Christian Isaksen, Executive Director of Creditstar UK, commented: “Our FCA approval allows us to offer practical, flexible loans built around customer needs. We focus on delivering a straightforward, transparent experience from application to repayment. With our London office as a growing operational centre and by combining strong regulatory standards with modern fintech infrastructure, we aim to become a trusted long-term lending partner for customers across the UK.”

    To support this growth, we have moved into a new London office, which will serve as a hub for UK and Group-wide activities.

  • Creditstar Group marks three years of SmartSaver amid 62% annual growth

    Creditstar Group marks three years of SmartSaver amid 62% annual growth

    Vaults drive deeper engagement in three-year-old retail investment product; cumulative investor returns quadruple to €13.2 million.

    Creditstar Group, the European consumer-credit and investment fintech, marks three years of Monefit SmartSaver, its retail and corporate investment product available in 31 European markets. Launched in October 2022 under the Group’s Monefit brand, SmartSaver has entered a phase of faster growth over the past year, as investor participation and inflows increased.

    SmartSaver is an investment product with a 7.5% annual baseline, compounded daily.  The Vaults, introduced in March 2024, offer higher yields up to 10.52% in exchange for locking in the capital for longer fixed-term periods between six and 24 months.

    By the end of September, SmartSaver served almost 26,000 investors, an increase of 62% year-on-year. Over the same period, cumulative returns paid reached €13.2 million, representing a 308% increase, underscoring steady delivery and growing engagement.

    Adoption of Vaults has been a key driver behind this growth. More than 36,000 fixed-term positions are now open, over three times the level of the year before. This indicates a shift towards multiple positions with varying maturity terms for many investors and a preference for predictable returns alongside the main account. 

    Creditstar Group originates consumer credit under the Creditstar and Monefit brands across eight European markets. SmartSaver investments are allocated across a diversified pool of the Group’s consumer loan portfolio, giving retail investors access to its established financial infrastructure and extensive market experience.

    “SmartSaver was built to make high-quality investment opportunities accessible to everyone, not just institutions,” said Aaro Sosaar, the CEO of Creditstar Group. “With daily returns, fixed-term Vaults, and a clear, intuitive experience, we’re helping individuals and businesses across Europe grow their money with confidence.”


    As SmartSaver enters its fourth year, the Group plans to introduce a dedicated Monefit mobile app and new product offerings that broaden functionality within the same intuitive platform.

    SmartSaver is one part of Creditstar Group’s diversified funding strategy, alongside corporate bonds and institutional partnerships. This multi-channel approach strengthens the Group’s balance sheet and supports steady growth across its eight European markets.

  • Creditstar Group secures an additional $10m facility from Kilde, increasing facility to $20m

    Creditstar Group secures an additional $10m facility from Kilde, increasing facility to $20m

    London, UK and Tallinn, Estonia – 15 October 2025  – Creditstar Group, the European consumer finance and investment fintech, has secured an additional $10 million funding facility with Singapore-based Kilde, increasing the total to $20 million. The new funding reflects continued institutional confidence in Creditstar’s performance and governance.

    The additional capital facility builds on the initial $10 million agreement signed in November 2024 and deepens the group’s relationship with the Singapore-based digital private credit investment firm, established over two years ago. The additional funds will support portfolio growth across Creditstar’s eight European lending markets as part of its broader funding diversification strategy, which includes bonds, institutional partnerships and retail investment offering.

    In its audited 2024 results, Creditstar reported a net profit of €7.3 million, a gross loan portfolio of €351.2 million, and total assets of €367 million. By June 2025, the loan portfolio had grown to €406.8 million, representing a 30.6% year-on-year increase, underpinned by strong risk management, automation and data-driven underwriting. Since its founding in 2006, the Group has remained profitable through multiple economic cycles, completing nearly 50 bond issues on Baltic capital markets and returning over €100 million in interest to investors, with no defaults in its 18-year history.

    “Kilde’s follow-on commitment is a clear validation of our credit quality and performance and broadens our institutional funding mix,” said Aaro Sosaar, Chief Executive Officer of Creditstar Group. “This additional capacity strengthens our capital efficiency and supports our plan to scale responsibly across regulated markets whilst maintaining diversified funding sources.”

    “For more than two years, we have closely monitored Creditstar’s loan performance, credit metrics and management execution and see an established fintech with institutional-grade fundamentals,” commented Radek Jezbera, Co-Founder of Kilde. “The combination of strong growth, continuously improving profitability, scalable technology and disciplined risk management gives us confidence in the Group’s ability to deliver through market cycles. We’re backing a proven platform with a significant runway for geographic and product expansion.”

    Creditstar provides consumer credit in eight European markets and has maintained profitability through multiple economic cycles since 2006. Its centralised risk management framework, supported by ML-driven underwriting across more than 1.4 million historical customer records, has delivered consistent credit quality. 

    The Group continues to expand both its consumer credit and investment platform. Monefit SmartSaver, its retail investment product available in 31 markets, has attracted more than €100 million since launch in 2022, providing cost-efficient funding that complements institutional partnerships. In addition, Creditstar completed its largest bond issuance to date in May 2025, raising €46 million across multiple tranches, underscoring continued investor demand.

  • Creditstar Raises €46 Million in Largest Bond Issuance to Date

    Creditstar Raises €46 Million in Largest Bond Issuance to Date

    Creditstar Group is pleased to announce the successful completion of its largest bond issuance to date, raising a total of €46 million, including proceeds from a pre-issuance completed earlier this year. The bonds carry nominal interest rates ranging between 11.5% and 13.5% and mature on 01.06.2026, 01.06.2027, and 01.06.2028.
    The funds will support Creditstar’s continued expansion across its eight European markets and the refinancing of existing obligations.


    The transaction attracted strong interest from a diverse group of investors, including institutional investors from Estonia, Lithuania, and Poland, highlighting broad regional confidence in Creditstar’s strategic direction and financial performance.

    Aaro Sosaar, CEO of Creditstar Group, commented:

    “We are very pleased with the results of this bond issuance. The strong demand and favorable terms reflect investor trust in our technology-driven credit operations. This raise supports our capital plan and allows us to continue scaling our digital-first services across Europe.”

    Valter Kaleta, Board Member at Creditstar Group, added:

    “This issuance saw participation from experienced institutional investors across the region and was completed on more favorable terms than our bond offerings last year, with interest rates reduced by 1%. The improved pricing signals growing market confidence in Creditstar and demonstrates the strength of our financial position. It’s encouraging to see our long-term strategy delivering tangible outcomes.”

    The successful issuance reinforces the company’s commitment to funding diversification and delivering innovative credit solutions across Europe.

    Creditstar Group maintains a strong European investor network and is a prominent issuer in the Baltic bond market. The latest issuance was registered by Nasdaq CSD SE, with legal documentation prepared by Sorainen.

  • Creditstar Group Investors Have Earned €100M in Interest

    Creditstar Group Investors Have Earned €100M in Interest

    Throughout the company’s history, Creditstar Group has paid over €100 million in interest to investors across fixed income instruments and various P2P financing platforms.

  • €24 Million Raised via Bond Issuance and Loan Syndicates

    €24 Million Raised via Bond Issuance and Loan Syndicates

    Creditstar Group raised €24 million through bond issuance and loan syndicates. Bonds were issued on the 3rd of June with 1, 2 and 3-year maturities.

  • Monefit SmartSaver 2nd Anniversary + UNICEF Initiative

    Monefit SmartSaver 2nd Anniversary + UNICEF Initiative

    In October 2022, Monefit launched SmartSaver. In the two years since then, over 15,000 investors from 31 countries have signed up, invested and started growing their wealth. We love our Monefit investors. And we also wanted to use our birthday to highlight and support a cause we truly believe in. As an investment platform, we support people in building wealth and living their best financial lives. But this doesn’t need to start when you’re already grown, employed, and worldly-wise. Financial literacy and education at an early age offers young people the knowledge to build smart financial habits before they start working. This builds a society where the younger generation are financially stable, supporting their mental health and overall lifestyle. UNICEF believes every child has the right to learn. They provide critical education support to young people across the globe, ensuring they get the fundamental education they need from an early age no matter where they live

    To support these efforts, at the end of our birthday week, Monefit will donate 0.1% of the total deposits. To help us in this good cause, the more you invest in SmartSaver during our birthday week (21st Oct to 27th Oct), the more we will donate.

    To support these efforts, at the end of our birthday week, Monefit will donate 0.1% of the total deposits. To help us in this good cause, the more you invest in SmartSaver during our birthday week (21st Oct to 27th Oct), the more we will donate.