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Ferratum Group
FoundedMay 1, 2005; 14 years ago (2005-05-01)
Key people
Jorma Jokela, CEO
ProductsPlus Loans, Credit Limit, Ferratum Business, Ferratum P2P, Prime Loans, and Mobile Banking

The Ferratum Group ("Ferratum") is an international provider of mobile financial services. It is headquartered in Helsinki, Finland and was founded in May 2005. Ferratum specializes in automated banking processes with a centralized technology infrastructure.[1] Ferratum currently has seven products: Microloans, Plus Loans, Credit Limit, Ferratum Business, Ferratum P2P, Prime Loans, and Mobile Banking.

History and founder[edit]

Ferratum was founded in 2005 by Jorma Jokela, who has been its CEO since formation. He studied accounting at the Commercial College of Kuopio and the Helsinki Business College. He is the founder of Jokela Capital Oy in Helsinki where he headed the company as CEO from 1998 to 2000. He subsequently sold the Jokela Capital business in 2004.[2]

Geographical presence and operation[edit]

Ferratum provides mobile loans to consumers and small businesses and is currently represented in Europe, North America, South America, and the APAC region. The company has an EU banking license.[3]

Listing on the Frankfurt Stock Exchange[edit]

Ferratum was listed on the Frankfurt Stock Exchange Main List on February 6, 2015.[4] Ferratum was the first FinTech company in the stock exchange.[citation needed] In the announcement, Ferratum sold its shares to international institutional investors. The sale price of the shares was EUR 17, with the company's market value of approximately EUR 370 million. A total of EUR 48 million was collected for the purpose of financing the company's future growth: new product areas and business expansion.[5][6] After the listing, Jorma Jokela is still the largest shareholder in the company.

Launch of Ferratum Mobile Bank[edit]

The Ferratum Mobile Bank launched to the public in 2016 in Germany, Sweden and Norway. Users can access their current accounts, savings, and debit cards in multiple currencies in one app.[7] The open architecture of the mobile banking app allows for the integration of service widgets published by other companies.[8] The mobile banking app uses behavioral data analysis to recommend new services to users.


  1. ^ "Interview Ferratum". 26 October 2015.
  2. ^ Editorial, Reuters. "${Instrument_CompanyName} ${Instrument_Ric} People - Reuters.com". U.S.
  3. ^ Vom, Nachricht (April 9, 2014). "Ferratum Group: Optimism for financial year 2014 based on successful business development in 2013". Dgap. Retrieved March 5, 2017.
  4. ^ "FERRATUM OYJ: Stock Exchange Release". GlobeNewsWire. April 6, 2017. Retrieved June 17, 2017.
  5. ^ "Mobile consumer loans firm Ferratum plans Frankfurt share offer". Reuters. November 7, 2014. Retrieved March 5, 2016.
  6. ^ "Ferratum Share". Borse Frankfurt. Retrieved 2017-07-17.
  7. ^ "Ferratum Oyj (via Public) / Ferratum Group launches Mobile Bank in France and Spain". Publicnow.com. Retrieved 2017-07-17.
  8. ^ "QA Financial - Ferratum Case Study on Mobile Banking". 26 September 2016.

External links[edit]

Ferratum Russia (in Russian)