Our focus remains on sustainable growth, portfolio quality, and operational efficiency, with transparency and predictability.

These results reflect a disciplined and healthy trajectory for our Estonian operations. Stable income and high on-time repayment levels demonstrate that Modena’s focus on risk control and portfolio quality continues to deliver consistent outcomes.

In September, we reached an important milestone: 98% of investor funds in the Vault were actively invested within the asset pool, reflecting strong liquidity management and steady investment demand.

Jan Reimann, CFO, Modena Capital