Hoist Finance AB (publ) operates as a pan-European debt purchaser and restructuring partner to international banks and financial institutions. The company's core business model revolves around acquiring portfolios of non-performing loans (NPLs)—predominantly unsecured consumer loans, though it has increasingly expanded into secured NPLs—and subsequently collecting on these debts through sustainable payment plans. Geographically, Hoist Finance has a broad footprint across Europe, with significant operations in markets such as Italy, Poland, Germany, France, and Spain. The company operates through three main segments: Unsecured (which generates the majority of its revenue), Secured, and Performing loans. A distinctive element of Hoist Finance's business model is its funding structure; as a regulated credit market institution under the supervision of the Swedish Financial Supervisory Authority, the company funds a large portion of its portfolio acquisitions through retail deposits collected via its online savings platform, HoistSpar, which operates in Sweden, Germany, and Poland. This deposit-led funding model provides a competitive advantage by lowering funding costs compared to peers reliant solely on wholesale markets.
