By continuing its development on the Lithuanian market Latvian fintech company DelfinGroup has opened two new branches of the circular economy concept store Banknote in Vilnius, thus providing pawn loan services and buying and selling of slightly pre-owned and pre-owned goods to a broader range of customers.   

 

One of the newly opened Banknote branches is located in the busy area of the city centre, at Kalvariju gatve 98, while the other is at Savanoriu prospektas 33.  

 

Didzis Ādmīdiņš, Chairman of the Management Board of DelfinGroup, emphasises that half a year after the launch of its operations in Lithuania, the company is seeing a growing demand for the services offered.  

 

"The accumulated experience of DelfinGroup in the Latvian market now provides an invaluable basis for rapid development in the neighbouring country, so we are working on expanding the Banknote network to make it even more accessible to our customers. Our aim is to offer Lithuanian consumers accessible, modern and visitor-friendly places where they can get a pawn loan, buy and sell pre-owned, slightly pre-owned and new goods in one place. We have strategically chosen the locations of our new branches so that they are accessible to a bigger number of customers," says D. Ādmīdiņš. 

 

With the launch of the two new branches, the Banknote network coverage in Lithuania reaches seven branches. Currently, there is an online shop with more than 55,000 pre-owned and verified products in Lithuania and Latvia. 

 

The company will start offering consumer loans  

 

In July this year, DelfinGroup LT UAB, the subsidiary of DelfinGroup, received a licence from the Bank of Lithuania to provide a consumer loan service. Therefore, in addition to pawn loans, DelfinGroup will also start offering consumer loan services on the Lithuanian market both online and in Banknote branches in third quater of this year.  

 

D. Ādmīdiņš: "We are also working on customised, understandable and accessible financial services in the Lithuanian market, where not only strong digital solutions but also physical store coverage play a key role. This is why we see opportunities to further expand the geographic reach of Banknote in Lithuania in the future." 

 

About DelfinGroup  

 

AS DelfinGroup is a licenced fintech company established in 2009 and operates under the brand names Banknote and VIZIA. The company has been profitable every year since 2010. DelfinGroup continuously develops and offers consumer and pawn loans, loans developed for senior citizens, Buy now pay later loans (BNPL loans), and the sale of pre-owned goods online and at more than 90 branches across Latvia and Lithuania. Since 2014, DelfinGroup has been known on the Nasdaq Riga Stock Exchange as a bond issuer and, since 2021, as a listed company on the Baltic Main List. The company regularly pays dividends to its shareholders. The sustainability of DelfinGroup is based on focused corporate governance, fintech innovation, responsible lending, financial inclusion, and facilitating the circular economy. 

 

For further information, please contact: 

Linda Eltermane, 

DelfinGroup Head of PR 

Phone: +371 28700457 

E-mail: [email protected]