NEO Finance, AB (legal entity code 303225546, registered office: Ukmerges st. 126, Vilnius, Lithuania; hereinafter – the Company) announces that, following the non-objection received from the Bank of Lithuania, Juozas Kaminskas will assume the position of Head of Administration of the Company as of 1 July 2025.
Prior to this appointment, Juozas Kaminskas headed the Lithuanian branch of the international payments platform Nuvei. Evaldas Remeikis, who has held the position of Head of Administration until now, will continue to serve as Chairman of the Board of NEO Finance.
The decision was made with the aim of strengthening the Group’s executive team and making more effective use of internal competencies to support both regional and international expansion.
NEO Finance operates the Paskolų klubas peer-to-peer lending platform, provides payment services under the Neopay brand, and is the principal shareholder of FinoMark, a crowdfunding platform.
“We are at a stage of development where the Company needs to be led by a market professional – someone who responds to changes and anticipates future trends. The period of cautious growth has come to an end; the time has come for breakthroughs and innovation. Juozas’ experience and expertise will help NEO Finance accelerate its progress,” said Evaldas Remeikis, Chairman of the Board.
“In recent years, geopolitical developments have not only disrupted markets but also accelerated the evolution of the European payments ecosystem. Account-to-account payments and QR-based solutions are gaining momentum, creating more value for both businesses and consumers. There is growing discussion in Europe around adapting and expanding instant payment infrastructure – solutions that could help reduce businesses’ dependence on card schemes. And there are many other innovations ready to be implemented. The energy and flexibility of the NEO Finance team, along with the Group’s ecosystem that enables testing and launching new ideas, were key factors in my decision to join,” said Juozas Kaminskas.
2024 Financial Highlights
In 2024, NEO Finance generated €6.07 million in revenue and earned €0.486 million in net profit, representing increases of 29% and 86%, respectively, compared to 2023. EBITDA for the same period rose by 38%, reaching €1.02 million.
About the Company
NEO Finance, AB is an Electronic Money Institution licensed by the Bank of Lithuania. The Company is also listed on the public registers of peer-to-peer lending platform operators and consumer credit providers.
Company administers Lithuania’s largest peer-to-peer lending platform – Paskolų klubas, with an active loan portfolio exceeding €85 million, and provides payment initiation and account information services under the Neopay brand.
In 2020, NEO Finance, AB acquired the crowdfunding platform FinoMark, operated by FinoMark, UAB, which began providing services in February 2021.
Head of Marketing and Communications
Domantas Bukauskas
Email: domantas.bukauskas@neofinance.com