2024 has been a landmark year for Netcredit, and we’re pleased to bring you the latest company update directly from CEO Izabela Sienkiewicz.

This newsletter provides an overview of Netcredit’s financial results, key milestones, and vision for the future, along with insights into the trends shaping Poland’s fintech market.

Please share the journey toward securing the national payment institution license in Poland? Why is this such a significant milestone for Netcredit?

Securing the National Payment Institution (NPI) license in Poland has been a significant milestone for Netcredit, representing a major step in our growth. The journey to obtaining this license involved a rigorous process of meeting the regulatory requirements set by the Polish Financial Supervision Authority (KNF), ensuring that we aligned with all legal, operational, security, and financial standards required to provide payment services in Poland.

It allows us to operate as a fully regulated payment institution in Poland, offering a broader range of payment services and building trust with customers and partners. It gives us the credibility needed to expand our offering in the region, facilitate secure transactions, and deliver innovative financial solutions. Our new status allows us to deliver an even better experience to our clients. We can now support non-domestic transactions and payments to foreign merchants, as well as payments in different currencies. The full license has eliminated monthly transactional limits, allowing us to meet client demand efficiently.

How does this achievement position Netcredit among its peers in Poland and the broader region?

Securing the NPI license strengthens our position in the Polish market, enabling us to operate within the highest regulatory standards and continue offering valuable financial services to our customers. Moreover, this license opens the door to future opportunities in other European markets, as it positions Netcredit as a trusted player within the highly regulated payment services industry.

What lessons can other fintech companies learn from Netcredit’s experience in navigating regulatory processes?

Building a robust compliance framework and adapting to evolving regulations are essential. It’s not only about meeting legal requirements but also about building the trust of both customers and regulators. Regulation offers an opportunity to design services that prioritize user trust, and collaborating with regulators as partners is crucial to fostering sustainable growth.

Additionally, staying ahead requires leveraging technology to streamline compliance, strengthen data security, and manage regulatory complexity.

In fintech, success isn’t just about innovation but also about being accountable while delivering real value to users.

What other milestones have shaped Netcredit’s journey in 2024?

In 2024, we achieved several key milestones that have significantly shaped our growth and success. These include the expansion of the customer base, seeing a notable increase in users seeking flexible credit solutions.

Additionally, we did a rebranding and enhanced our website, improving user experience and streamlining the online application process.

At the beginning of 2024 we were honored with the “Non-Bank Card of the Year” title by Loan Magazine, the most important recognition in the consumer finance industry in Poland.

Another key highlight was the launch of a new loan product under the Halvo brand, which remains in market evaluation as we assess demand. We anticipate its future potential lies in offering higher credit limit amounts.

The development of our new mobile app is complete, and we are now in the testing phase to refine and improve its functionality. We’re excited to launch it very soon.

The company has achieved strong financial results. What do you attribute to this success, and what do these results mean for current and potential investors?

The company’s strong financial results were achieved due to a combination of factors such as effective management, a good level of market demand, and cost efficiencies. For investors, these results signal that the company is on a solid growth trajectory, which leads to consistent returns. They also show that the company is well positioned in its industry, making it a potentially stable investment.

What are Netcredit’s growth ambitions over the next year and beyond? Are there specific markets or products you plan to expand into?

Our ambitions for the next year and beyond center around expanding our client base through better product matching, offering more flexible terms, and providing attractive APRs. We aim to ensure that our products meet the needs of a broader range of customers, helping us build stronger, long-term relationships. We are also focused on identifying key market opportunities to expand into, particularly by exploring new segments where we can offer tailored solutions. The company aims to accelerate its growth by leveraging strong trends such as the expanding e-commerce landscape and the rise of embedded financing solutions. Through these efforts, we’re working to strengthen our presence and continue delivering value to our clients in the years to come.

How has the fintech landscape in Poland evolved over the past few years?

Poland’s fintech landscape has experienced stable and significant growth, driven by advancements in digital banking, payments, and lending. Mobile and contactless payments have become a norm, especially post-pandemic, as consumer habits shifted towards faster and more convenient financial solutions. Emerging technologies like AI, blockchain, and big data are also playing a transformative role, reshaping services such as automated lending and fraud prevention.

Significant regulatory changes have also shaped Poland’s fintech landscape. While these shifts have opened up new opportunities for fintech companies, they have also brought considerable challenges. The evolving regulatory framework has redefined market shares, compelling established players to adapt quickly to stay competitive. Aimed at creating a more secure and consumer-protected environment, the regulations have also introduced complex compliance requirements, necessitating adjustments to business models.

What trends are currently shaping the alternative financing market in Poland, and how is Netcredit adapting?

In Poland, the alternative financing market is shaped by the rapid growth of e-commerce, as consumers seek more flexible financing options for purchases. Embedded finance is rising, with e-commerce platforms integrating credit lines and payment solutions directly into their services, making financing more accessible. This shift is powered by fintech innovation, providing faster and more convenient options compared to traditional banks. Additionally, the increasing popularity of Buy Now, Pay Later (BNPL) services is further driving the market’s growth.

We are adapting by using technology to simplify the lending process and improve customer experience. We’re enhancing our digital platform to provide faster, more flexible solutions while ensuring responsible lending and compliance with regulations. By staying agile, we’re well-positioned to meet the growing demand for alternative financing in Poland.