STOCKHOLM, Sweden, Feb. 28, 2014 (GLOBE NEWSWIRE) -- TrustBuddy expect 2014 to be the sixth consecutive year of strong growth for the Company. This is already evident from the recently reported growth in loan volumes in January 2014; which came in 25% ahead of the previous month.
TrustBuddy expect our growth to benefit from the investments made into the new and highly efficient P2P-platform and systems in 2013, which will enable roll-outs of improvements in convenience for our users, further European penetration and facilitate ongoing and future product development.
TrustBuddy anticipate that significant institutional capital will be deployed on the platform in the 2nd Quarter of 2014, which will drive material volume growth.
Guidance: TrustBuddy expect full year 2014 lending volume to reach the amount of SEK 1,5 Billion. The lending volume is expected to increase exponentially through the year with the largest part during 2H 2014.
For more information, please contact:
Jens Glasoe, CEO, TrustBuddy International AB (publ)
Tel: +47 40 40 47 50,
About TrustBuddy International AB (publ)
TrustBuddy International AB (publ) is one of the first in the world to focus on arranging loans and capital provision between buddies in Scandinavia in an organised manner. The company is listed at NASDAQ OMX First North in Stockholm. Mangold Fondkommission is TrustBuddy International AB (publ)'s Certified Adviser and market maker, phone number: +46 8-503 015 50.
Source:TrustBuddy International AB