A regulated European banking group built to scale
Blending banking, fintech and IT to close the SME financing gap.
Built. Licensed. Scaling
Finora holds an ECB banking licence, a decade of SME lending discipline, and a technology subsidiary serving credit providers across Europe.
2014
Founded
2022
ECB banking licence
granted
141% YoY
Total income growth
+224% YoY
Net loan portfolio
A conviction, built over a decade.
Over the next decade, the business scaled with discipline.
In 2022, Finora obtained a banking licence from the European Central Bank, transforming into a regulated bank. In 2024, the Bank opened a branch in Estonia, returning with a full-service banking offering. Today, Finora operates across Lithuania and Estonia, combining SME lending with a platform-based model on a single scalable infrastructure.
The results reflect this trajectory. In 2025, the net loan portfolio more than tripled, while total income grew by 141% year-on-year and gross interest income by 122%.
The core lending business is established. Daily banking is live. The platform is built to scale beyond the current markets.
ECB-licensed bank
Enables deposit funding, capital efficiency, and scalable growth within a regulated framework.
Equity-efficient growth
Each €1 of equity supports €7–9 of lending, driving scalable returns within a regulated model.
Dual-engine approach
Direct SME lending builds the portfolio.
Banking-as-a-Service expands distribution.
Both operate on a single regulated infrastructure.
Finora Today:
over 10 Years
of Experience
The Group
Finora Bank
A business-focused bank, licensed by the European Central Bank. Finora Bank provides loans, leasing, factoring, and state-guaranteed financing for SMEs in Lithuania and Estonia. It is the core operating company of the Group.
Bankish
A technology company delivering modular software to credit providers and fintechs across Europe. Bankish is a standalone business and a demonstration of the Group’s technical capabilities.
Founded as Finora Capital in Estonia, the Group expanded into Lithuania and obtained its ECB banking licence in 2022, followed by the launch of its Estonian branch.
In 2025, Finora Bank was among the fastest-growing banks in the Baltics.
Today, Finora combines lending, factoring, technology and daily banking to scale its model across Europe.
Veikko Maripuu is the co-founder of Finora Group and a financial services executive with over 30 years of experience across banking, capital markets, and investments.
He led capital markets and investment activities at Suprema Securities and later focused on asset management and private banking at Evli Bank.
He is the managing partner at Head Capital and an active investor and board member across companies in finance, technology, and real estate.
Invest in Finora
For further information, please contact Investor Relations.
Equity Capital
SHS FINORA GROUP ORD
—
Security type Equities
Registration date Apr 28, 2023
Additional Tier 1 Bonds
EUR 15.00 FINORA GROUP ADDITIONAL TIER 1
—
Security type Debt instruments
Registration date May 30, 2024
Interest rate 15%
EUR 12.00 FINORA GROUP ADDITIONAL TIER 1
—
Security type Debt instruments
Registration date Dec 31, 2024
Interest rate 12%
Tier 2 Liabilities
EUR 11.00 FINORA GROUP SUBORDINATED LOANS
—
Security type Debt instruments
Signing date Jan, 2023
Interest rate 11%
EUR 12.00 FINORA BANK SUBORDINATED LOANS
—
Security type Debt instruments
Signing date Jun, 2022
Interest rate 12%
Other Debt Instruments
EUR 9 FINORA CAPITAL BOND 19-2026
—
Security type Debt instruments
Registration date Apr 18, 2019
Interest rate 9%
Investor Relations
Dovydas Asanavičius
Member of the Management Board
dovydas.asanavicius@finorabank.eu
+370 614 89 856
David Musu’
Head of Investor Relations
david.musu@finorabank.eu
+372 56316195
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