Technology Driven Consumer Finance

Company Overviewand Financials

History & Vision

founded

2007 2010

Proprietary Process AutomationCredissimo developed in-house an innovative technology that introduced automated instant credit approval 7 days a week

2013

E-Commerce & Utility Bill PaymentsTo diversify its products, Credissimo introduced E- Commerce financing and direct Utility Bills Payments. 300+ merchants onboarded

2013

Mobile AdoptionDevelopment of user-friendly mobile website and iPhone/Android apps helped the company reach over 1,000,000 online loan applications

2014

Initial Public Offering (IPO)On May 7 2014 Credissimo successfully listed 2.5 million shares on the public markets

2015

Big Data Scoring & AnalyticsAdopting Machine Learning and Big Data technologies further enhanced Credissimo’s loan scoring algorithms

2017

NexoCredissimo is powering the world’s First Digital Asset Institution based on blockchain technology

2016

Bitcoin & Chatbot IntegrationCredissimo pioneered a Bitcoin loan repayment option. The company was also the first in the world to launch an lending chatbot

2017

FinTech AwardReached Top 10 Alternative Finance in European FinTech Awards 2017. Received two Forbes Business Awards 2017 for “Financial Sector Innovations” and “Quality of Services”

Credissimo is a leading European FinTech Group founded in 2007 that utilizes innovative proprietary technology to provide Instant Online Consumer Loans, E-commerce Financing and Bill Payment Services. Credissimo is present in six countries worldwide (five in Europe) and is a market leader in the Online Consumer Lending segment in two of them. Our competitive advantage is encoded in our business know-how that we have developed in more than 10 years of experience. Efficient business model, cutting-edge technology solutions and visionary management are the key drivers of our longstanding success.

Credissimo adheres to the highest regulatory requirements and is strictly supervised by multiple European Banking and Financial Services Regulators.

History & Vision

Brand Awerness

2017 Consumers Favourite “Financial Institution”

95% Clientsatisfaction rate

160k+ Followerson Facebook and400k+ on Viber

Success Story

Operating platform The Company has developed a state-of-the-art proprietary operating platform which allows a high degree of automation of the business processes on the basis of machine learning and big-data coordination.

3. 4.Scoring system With fast and rigorous automated procedures with preset criteria for approvals/rejections, the Company is addressing the financial needs of customers with higher risk standing, while minimizing risk cost and time of service delivery.

2.Scalability Structured entirely online, Credissimo’s business model has no reliance on a physical network or PPE, leading to easy market expansion, geographic diversification and revenue growth.

1.Superior application process “Omni-channel” processing capability allows for virtually unlimited access to Credissimo’s consumer finance products in matter of minutes, which is highly recognized by customers.

* All figures relate to FY17 unless otherwise stated

** for Jan14-Dec17

130Employees

BBB-Credit Rating

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35%Net Income

margin

75%Returning

clients 1MILLoan

Applications

40%Annual Portfolio

Growth

*

**

Product Offering

Short-term Loans Short-term loans are processed online in seconds and the approved amount of up to 300 euro is instantly transferred to the customers with repayment period of 15 to 30 days.

Installment Loans Installment loans are processed online in seconds and the approved amount of up to EUR 1,500 is transferred to customers with repayment period of 3 to 24 months.

E-commerce POSPay Later is a credit line that gives the customers the flexibility to delay payment up to 15 days on online purchases with 0% interest or by installment payments.

Online Car LoansCar title loan with a convenient model of application and near instant approval. It is securitized with the leased asset, owned by the lessee prior to the transaction.

Map and Client Base

The Company’s comprehensive approval criteria contribute to maintaining high quality of the customers base

Credissimo’s client base contains predominantly young people, having stable occupation, residing in big cities, with male share slightly prevailing.

Clients residing in large cities (above 200k)

Clients with at least secondary educational degree

93%

Clients below the age of 30 years

91%

60%

54% 46%

Bulgaria Population: 7 millionGDP: 52.4 billion USD

MacedoniaPopulation: 2 millionGDP: 10.9 billion USD

RomaniaPopulation: 20 millionGDP: 186.7 billion USD

SpainPopulation: 47 millionGDP: 1.232 trillion USD

PolandPopulation: 38 millionGDP: 469.5 billion USD

ColombiaPopulation: 49 millionGDP: 282.5 billion USD

Profit and Loss Summary

Accounting Policies

Credissimo prepares its financial statements in accordance with IFRS. The presented Profit & Loss Statement is on consolidated basis in thousand EUR. Loans to customers represent a net amount comprising granted loan amounts, collected amounts, accrued interest, fees, commissions, and impairment Short-term loans payables are liabilities under loans received from individual creditors and one credit institution

EUR, ‘000 FY15 FY16 FY17 FY17 vs FY16

Interest Income 2 457 3 099 4 061 31%

Interest Expense (227) (97) (43) (56%)

Other income from operations 6 504 8 104 10 609 31%

Total consolidated revenue 8 734 11 106 14 627 32%

G&A and other OPEX (3 749) (4 676) (6 215) 33%

Depreciation (211) (82) (117) 43%

Losses from impairment of loans (1 043) (2 180) (2 709) 24%

Total OPEX & Impairment (5 002) (6 938) (9 041) 30%

EBT 3 731 4 168 5 586 34%

Income tax (385) (426) (584) 37%

Net Income 3 346 3 742 5 002 34%

Balance Sheet Report

EUR, ‘000 Dec14 Dec15 Dec16 Dec17 Dec17 vs Dec16

Assets

Cash and cash equivalents 380 1 016 1 253 1 704 36%

Loans to clients 6 715 7 945 10 195 13 448 32%

Other assets 313 982 363 112 (69%)

PPE 119 130 223 216 (3%)

Intangibles 239 105 223 302 35%

Total Assets 7 766 10 178 12 257 15 782 29%

Liabilities

Loans payables 1 744 1 308 479 475 (1%)

Finance Leasing 42 39 110 84 (24%)

Trade payables 39 102 160 347 117%

Tax Payable 290 360 361 464 29%

Other liabilities (incl. salaries) 38 74 137 267 95%

Deferred tax liability 4 4 1 - (100%)

Total Liabilities 2 157 1 888 1 248 1 637 31%

Total shareholder’s equity 5 609 8 291 11 010 14 145 28%

Total liabilities & shareholder’s equity 7 766 10 178 12 257 15 782 29%

Granted loans and returning clients

79K

75%

2017

63K

2016

60K

80%

2015

55K

80%

2014

Granted Loans (in numbers) % returning clients

77%

Collection and Portfolio

During the period Jan14 - Dec17, Credissimo has steadily increased the total size of annual loan disbursements. Collection grows in stride with the disbursement growth and the average cash collection rate amounts to approximately 130% from granted loans as a result of Credissimo’s highly efficient, in-house structured debt collection and legal enforcement process.

Collection From GrantsOn consolidated level, Credissimo generated a gross loan portfolio CAGR of 40% for the period Jan2014- Dec2017, with gross portfolio reaching EUR 19.8m as of 31 Dec 2017. In light of the strong growth of its loan portfolio, Credissimo sustained stable impairment levels leading to large profitability increase.

Portfolio Growth

Gross Portfolio Impairments as % of portfolio

25m

20m

15m

10m

5m

0m

35%

30%

25%

15%

20%

5%

10%

0%

Q1 1

4

Q1 1

6

Q3

14

Q3

16

Q1 1

5

Q1 1

7

Q3

15

Q3

17

Q2

14

Q2

16

Q4

14

Q4

16

Q2

15

Q2

17

Q4

15

Q4

17

since inception

EUR 100M loans grantedEUR 129M cash collected

05 10 15 20 25 30 35

Cash collected Loans granted in EUR millions

2017

2016

2015

2014

Thank You Please contact us for any further details or requests:

e-mail: investors@credissimo.comwebsite: https://credissimo.com