In 2024 Capitalia reported a turnover of EUR 1.66 million and a profit of EUR 8 thousand. The annual revenue grew by almost 15% last year. We kept hiring and growing our sales and financing team throughout the year to facilitate further growth. This has impacted cost base growth and thus the net profitability remained modest for 2024. During 2024 our managed loan portfolio has grown by 36%. Our platform investor base has grown significantly during 2024 by 118% and reached almost 1.5k investors at the end of the year. In October we observed a record level of activity and during the Q4 we managed to issue a solid monthly funding amount of EUR 6.5 million.
On key events
In the last quarter of 2024, we managed to issue a funding amount of EUR 6.5 million (EUR 4.5 million in the last quarter of 2023). Among the financed businesses during this period were, for example, such companies as Brain games, SIA (retail trade), Ondato, UAB (software), Aeonpump, SIA (manufacturing), Timberex group, SIA (manufacturing).
In alternative fund management, we have made three new investments from our cost-efficient Baltic bond fund and acquired bonds of Four Finance (consumer finance), Zalvaris (waste management), and Latraps (agriculture). Our venture capital fund investment period has ended, and no realizations have been made in the last quarter. We have launched one new special purpose fund, SWG Secondaries Fund, which has bought out a few early investors in Startup Wise Guys Ventures Fund 1 (Challenger 1).
On plans for the next quarter
The first quarter of the new year started slower than expected. While the available capital of investors to be deployed in business loans is at record levels, companies willing to borrow are not rushing. We continue focusing energy on building a strong sales pipeline and stronger relationships with our existing client portfolio.
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