April was another month of steady performance for hive5. While markets remain uncertain, we're proud to maintain consistent loan origination and strong investor engagement. One milestone is now close to reaching - hive5 has almost reached 100 million EUR in total loan volume funded since inception.
Let's take a closer look at the main business highlights for April:
- Total loan volume funded since inception: 99,731,398 EUR
- Loan volume funded in April: 5,496,993 EUR
- Number of loans originated in April: 9,887
- Average nominal interest rate: 15%
- Registered investors: 25 529
We've received requests about the statistics page on the hive5 website, which was temporarily unavailable. During the pause, our IT team has been improving data accuracy and automation. Eventually, the technical updates have been completed. We appreciate your patience. Click here to view the statistics page.
As we prepare to cross the 100M EUR funded milestone, we remain committed to transparent communication with our investors. With your continued support, we're ready to aim even higher.
In line with this commitment, we’re pleased to share that our Spanish loan originator has officially changed its legal name from MANA CONCEPT, S.L. to NECTAR CAPITAL, S.L.
This change reflects a thoughtful decision to align the company's identity more closely with its financial services. While the name "MANA CONCEPT" carried a creative and abstract tone - more associated with consulting and innovation, the new name, "NECTAR CAPITAL," clearly focuses on finance and capital management activities.
Why Did We Need the Change?
Spain is one of Hive Finance Group's key markets, and we are preparing for further expansion in this region. As we plan to broaden our services and strengthen our position, having a name that associates more directly with investors, partners, and clients became essential.
The word "Capital" projects confidence, clarity, and credibility - qualities especially important in the financial sector. Additionally, it helps establish a more apparent connection between our brand and our services.
Moreover, in the financial industry, it is common practice (and often encouraged by regulators) to choose company names that directly reflect the nature of the business. By adopting NECTAR CAPITAL, S.L., we ensure that our brand image matches market expectations.
Commenting on the change, Andrius Rupšys, CEO of Hive Finance, says: "This update marks an important step in strengthening our Spanish operations and presenting ourselves to investors and partners with greater clarity. NECTAR CAPITAL, S.L.,l better represents who we are today - a focused, growing financial institution committed to transparency and long-term success."
Continuity and Future Vision
The name change is purely legal and formal. All existing agreements, partnerships, and commitments remain valid and unchanged.
As NECTAR CAPITAL, S.L., we move forward with renewed energy and believe this change will contribute positively to building even stronger relationships with our investors and partners.
