Wandoo Finance Group’s Q4 2024 and full-year 2024 performance report
Dear Swaper Community,
We are excited to share Wandoo Finance Group’s Q4 2024 and full-year 2024 performance report, showcasing impressive operational results, strong portfolio quality, and continued growth.
Here are Key Highlights of Q4 2024 and full-year 2024 performance report:
Strategic Milestones
- Leadership Transition: Wandoo Finance founder Iveta Bruvele has returned as the Group’s CEO!
- Expansion into Peru: We have received regulatory approval in Peru and officially launched loan issuance operations in the country.
Q4 2024 Performance
Wandoo Finance delivered exceptional results in Q4 2024:
- Revenue: €12.3M (+26% vs. Q3)
- EBITDA: €4.5M (+83% vs. Q3)
Full-Year 2024 Results
Wandoo Finance performance compared to 2023 highlights outstanding growth:
- Revenue: €35.6M (+74% vs. €20.5M in 2023)
- EBITDA: €9.9M (+151% vs. €3.96M in 2023)
- Net Profit: €2M (+400% vs. €0.4M in 2023)
Risk Management & Portfolio Quality
Despite significant growth, Wandoo Finance risk management practice remains strict:
- Loss rate across all markets improved to 10.0% (down from 10.3%) – result of our disciplined approach to risk control, especially during growth phases.
- Portfolio quality has remained stable, reinforcing the strength of our lending strategy.
Looking Ahead
In 2024, Wandoo Finance Group has delivered exceptional growth across all key financial metrics while maintaining a high-quality loan portfolio.
A detailed operational report will be published in the coming weeks, with the audited consolidated report of Wandoo Finance Group will be available by the end of July 2025.
We sincerely thank you for your continued trust and support!
To dive into the full insights, click here.