Drill has advised DelfinGroup on securing EUR 11 million in financing for its business development initiatives from Cyprus-based Multitude Bank.
DelfinGroup is a Latvian fintech company.
"DelfinGroup is growing rapidly and the financing raised will allow us to accelerate our growth, helping to move closer to our strategic goals," commented DelfinGroup Member of the Management Board and Chief Finance Officer Aldis Umblejs. "In the third quarter of this year, the company’s loan portfolio has already reached a record level of EUR 84.6 million. The funding raised is another strategic step towards growth, enabling the company to realize its ambitious goals, including reaching a loan portfolio of 100 million euros by 2025."
The Drill team included Partner Ramona Miglane, Senior Associate Margarita Ivanova, and Associate Edgars Arinieks.
