We are pleased to announce that Hoovi has shared their 2024 financial results with us.
Based on the financial statement provided for 2024, the company’s total operating income (net interest income plus net service fee income) was EUR 1,3 million indicating a nearly 37% growth compared to 2023 (EUR 928 thousand).
Hoovi generated a net profit of EUR 661 thousand for 2024, a significant increase from EUR 384 thousand in 2023 (+72%). Their net loan portfolio also shows consistent growth from EUR 4.78 million in 2023 to EUR 7.49 million in 2024.
Since 2022, Hoovi Rental OÜ has been onboarded to the Income platform, and our investors have already invested over EUR 14 million in loans originated by Hoovi, earning more than EUR 810 thousand in returns.
Investing in loans originated by Hoovi yields up to 9% per annum, making it a good option for those looking to grow their investments.
