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Wandoo Finance Group’s 2023 Financial Overview and Q3 2024 Results

Dear Swaper Community,

We’re excited to share an update on the financial performance of Wandoo Finance Group. Their 2024 Q3 report offers a comprehensive look at operational results, along with key insights into the strength of their loan portfolio, stable growth and a promising outlook for the future.

Wandoo Finance Group is also proud to present its Audited Annual Report for 2023, which reflects a year of significant growth and financial strength. 

Here’s a quick look at 2023 highlights compared to 2022:

  • Significant Profit Growth: Wandoo Finance Group achieved a profit of EUR 414,765 in 2023, marking a significant improvement over 2022, the former ending with a net loss of EUR 851,536. A welcome change that represents Wandoo Finance’s successful turnaround.
  • Revenue Surge: Total net turnover increased by 65% compared to the previous year, underscoring strong demand and effective operations throughout 2023.
  • Portfolio Expansion: The Group’s portfolio size more than doubled, reinforcing its position in the market and highlighting a year of sizeable growth.

What’s next for Wandoo Finance Group?

Wandoo Finance Group is looking to the future with ambitious goals for growth and innovation. Here’s a look at their key initiatives and strategic focus for the upcoming year:

  • Expanding Loan Portfolios in Key Markets: Following impressive growth in Spain and Poland, Wandoo Finance Group plans to further scale its loan portfolios in these markets. By building on recent successes, they aim to strengthen their presence and better serve the needs of customers in these regions.
  • Driving Growth Across Existing and New Markets: Wandoo Finance Group’s expansion strategy prioritizes growth across both current and new markets, with a particular emphasis on cost control and optimization. This approach is expected to increase business volume and significantly improve overall profitability, driving sustainable growth. 
  • Focused Fundraising and Strategic Investment: The company will continue its active fundraising efforts with a disciplined investment policy in mind. The focus remains on maximizing returns while carefully balancing project funding costs and associated risks. Each investment is carefully evaluated to ensure alignment with Wandoo Finance Group’s long-term financial objectives.
  • Attracting Expertise and Enhancing Risk Management: To support this expansion, Wandoo Finance Group is actively bringing in experienced professionals to reinforce their team. By leveraging this expertise, they aim to improve risk assessment and implement proactive risk mitigation strategies tailored to current market conditions. Additionally, they are prioritizing automation of internal processes to enhance operational efficiency and maintain competitiveness.
  • Launching Private Placement Bonds for Investors: In a significant step, Wandoo Finance Group has attracted EUR 203k by issuing NASDAQ Central Securities Depository approved private placement bonds in the first round of its planned EUR 3M investment campaign via the crowdfunding platform CrowdedHero. These bonds will offer investors verified, professionally structured securities, demonstrating the company’s commitment to transparency and trustworthiness in the financial markets. 

With these initiatives in place, Wandoo Finance Group is poised for a promising year ahead. Their strategic plans reflect a dedication to growth, efficiency, and value creation for investors and customers alike.