DelfinGroup combines high-yield Baltic consumer lending, circular retail growth, and disciplined capital returns into a discounted compounding financial platform.
Overview
DelfinGroup is a Riga-based fintech and circular retail platform operating Banknote and VIZIA across Latvia and Lithuania. Majority-controlled by INDEXO but independently listed, it serves underbanked consumers through consumer loans, pawn loans, home equity products, and refurbished-goods retail. Its EUR 147.7 million loan portfolio, 88 Latvian branches, automated underwriting engine, and omnichannel model create scale advantages in a niche avoided by traditional banks. The business combines high ROE, strong growth, recurring credit demand, and circular economy exposure.