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.