International Lending Groups Updates in Q3 2025
- MD Finance Team
- Nov 14
- 2 min read
Non-bank international lenders demonstrated consistent growth in the Q3 2025. This report tracks the latest updates for the most active non-bank lending groups.
The Q3 2025 highlights a robust and evolving lending landscape, marked by solid financial performance, active capital inflows, and continued strategic diversification. Firms are broadening their reach through new financial products and expanding into new geographic markets.
Geographic Expansion
Following MD Finance entry into the Spanish market, several key players in the ecosystem have continued to expand their geographical footprint during the third quarter:
Hive5 Group, which launched operations in Spain in 2024 with its product Finjet, has recently entered the Romanian market. The company has set a target to build a loan portfolio of approximately €7.5 million by the end of its second year of operations.
In addition, Hive5 has expanded into the Polish market with a new business financing product. This fully digital solution offers loan amounts ranging from €2,000 to €100,000, with repayment terms between 3 and 12 months.
Aventus Group, already active across Europe, South East Asia, Central Asia, Africa, and South America, is now setting its sights on the United States.
Eleving Group announced four months ago its expansion into Tanzania with a vehicle financing product, and recently obtained license there.
Product Launch and Diversification
Beyond consumer lending, some groups are widening their portfolios:
This year, Eleving Group expanded its reach in Africa by launching smartphone financing in Uganda in mid-Q2 2025, followed by a pilot rollout in Kenya in June. This product has generated strong customer interest, with over 149 thousand applications received in the third quarter of 2025.
AvaFin announced a strategic shift in Mexico, transitioning to a term loan product.
4Finance further diversified by introducing a Buy Now, Pay Later solution in Uzbekistan,
EcoFinance enhanced its customer experience through the release of a new mobile lending app in Philippines.
Funding
Q3 2025 also saw active funding:
Recent funding activity shows a healthy mix of bank facilities, private credit lines, and bond placements, totaling several hundred million dollars across the sector. These funds are mainly being used to expand lending portfolios, refinance existing debt, and diversify funding sources.
Most transactions involve mid-range facilities of $10M to $60M.
Read the full report to explore leading international lending groups, their financial performance, key geographic expansions, new product launches, major funding deals, and strategic shifts shaping the non-bank lending industry in 2025.