Ellinas Finance is the leader in Alternative Financing in Cyprus, with over 30 years of experience and expertise in retail financing of individuals and corporate financing of SME’s, factoring services, retail microfinancing, international money transfers through the MoneyGram international payment system (60 locations across Cyprus) and insurance services.  Founded in Cyprus in 1992, the company became a public company in 2000, listed on the Cyprus Stock Exchange, with its shares traded under the symbol ELF.

The company has helped a significant number of companies to launch, develop and expand their operations, while facilitating individual customers to achieve their personal goals. Ellinas Finance has developed new fintech products, and along with these innovative models, the company introduced instant credit facilities in the Cypriot market and fast access to liquidity for consumers.

Today, Ellinas Finance holds a loan portfolio in the region of €25,000,000 with new financing in the past five years growing from €5,000,000 annually to €8,000,000 annually. Ellinas Finance is aiming to expand its loan portfolio to €50,000,000 by 2028, further underscoring its commitment to Cyprus’ economic growth.  The company’s digital factoring business is the pinnacle of its products, through which many mid-sized businesses have found support to continue to be sustainable and productive.  Today, the company’s factoring business finances invoices in the region of €20,000,000 annually.

Throughout the years, Ellinas Finance financed more than €300,000,000 both households and SME’s, thus being a strong supporter of the Cypriot Economy.

The Group has fully leveraged digital technologies to deliver to its customers today an unmatched customer experience.  This digital transformation into all areas of the company’s business has resulted in fundamental successes in how the business operates and the value that ELF Group delivers to its customers as the leading non-credit financial institution in Cyprus.