Zaim Credit Systems PLC (LSE:ZAIM) (ZCS) Siro Cicconi joins Proactive London to update investors on their improvements in cash flow from operating activities in the second half of the year after swinging to an interim profit.
The transition to a digital business has delivered a higher number of loans lent while at the same time the overall operational costs have been significantly reduced.
In the six months to 30 June, the Russia-focused fintech group saw the amount of overall loans issued increase by 2.78 times to £11.45mln, with online loans issued online jumping by 13.6 times to £9.88mln.