The war in Ukraine is threatening the lives of millions of people across the country. An estimated half a million have fled their homes, leaving behind jobs, belongings and family members. While we do not operate in Ukraine, we understand that the current crisis may have unexpected effects on some sectors of the economy. As most European citizens, we’ve been following the situation closely and hope the conflict will soon come to an end.
We have no direct exposure to the risks tied to the war
We wanted to take this opportunity to reassure our investors that we are open and operating as usual. Lendermarket’s operations are based in Ireland and none of our services, colleagues or providers are connected to Russia or Ukraine. All of our customers, business partners and investors are from the European Economic Area and the United Kingdom.
Business has remained resilient throughout crises
The consumer finance sector remains resilient throughout the disruption caused by different crises, and swift recoveries have followed any short-term negative impacts. Against that background, we closely monitor the situation and potential effects on the European economy.
In addition, our main loan originator, Creditstar Group, has reported strong financial performance and all of our investors’ interests continue to be strongly protected by buyback guarantees.
You can learn more about Creditstar’s humanitarian aid in Ukraine here.
As always, our team is here to support you so please get in touch if you want to speak with us or if there is anything we can do to help you. The quickest way to reach us is through email at [email protected]