Creditstar receives €4.6M convertible equity loan from Kilde to widen Estonian card rollout
The hybrid-equity financing backs product expansion at a consumer-finance group that serves borrowers through digital credit and investors through a separate savings product.
Credit and investment products under one group
Creditstar offers fixed-term consumer loans under its own brand and revolving credit through Monefit. Borrowers use the group’s digital products to access credit, while Monefit SmartSaver gives retail investors a separate route to fund its consumer-loan portfolio.
Kilde provided €4.6 million through a convertible equity loan. Creditstar says the financing will support product expansion, including a wider rollout of its credit card in Estonia, extending the group's offerings in a market where it already operates lending services.
Use of funds
Expand products, including a wider Estonian credit-card rollout