Iute Group, headquartered in Estonia and offering credit, payment and insurance brokerage services in Southeast Europe, increased its revenue by 9% and net profit by 13% during the first nine months of 2025. According to the CEO, the company is steadily progressing on its strategic path towards becoming a digital bank.
“In the first nine months, Iute delivered stronger results with the same operating expenses as in the previous year,” said Tarmo Sild, CEO of Iute Group. “These gains were reinforced by gains from data-driven decisions and AI-assisted or fully automated business processes,” he explained.
At the end of the third quarter, all key performance indicators showed positive trend. Active customers increased by 4% to 265,000, the balance sheet grew by 17% to 486 million euros, total revenue rose by 9% to 91.5 million euros, and net profit increased by 13% to 8.5 million euros. Wallet and insurance services are contributing an increasing share into revenue, accounting for 9% of total revenue.
According to Sild, data-driven lending significantly improved the customer repayment index with the indicator reaching a new high of 88.1% at the end of third quarter. The share of fully automated loans rose to 32.7%, with further growth above 50% expected in the near future.
Iute Group’s strategic investments over the next five years are expected to exceed 60 million euros – subject to corresponding growth in active customers and net profit. Both future investments and the baseline business, are funded by customer-generated revenue.
Sild noted that, although the Group could increase its short-term profitability by focusing solely on its current business, the strategy remains focused on long-term value creation. “We do not pursue short-term profit but instead, we continue purposefully investing in our digital transformation to enhance efficiency, scalability, and customer experience. Our ambition is to become the digital bank with the most used financial Superapp in our markets.”
In the third quarter, Iute’s credit rating was reaffirmed. Fitch Ratings confirmed the Group’s Long-Term Issuer Default Rating and assigned a B- rating with a stable outlook to the new 2025/2030 senior secured bonds. In addition, Iute’s subsidiary in North Macedonia received an e-money institution licence, and the Bulgarian subsidiary obtained SEPA Credit Transfer certification.
Iute is a fintech group established in 2008 in Estonia. The Group specializes through its subsidiaries in consumer finance, payment services, banking, and the intermediation of insurance products. It serves customers in Albania, Bulgaria, Moldova, and North Macedonia. Iute Group finances its loan portfolios with equity, deposits, and secured bonds on the Regulated Market of the Frankfurt Stock Exchange and the Nasdaq Baltic Main List.
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