--- title: "NEO Finance | HES FinTech" url: "https://hesfintech.com/clients/neo-finance/" updated: 2026-09-09 --- GiniMachine & NEO Finance # NEO Finance achieves 81% of repayment rate NEO Finance Group is a Lithuania-based fintech platform group providing a range of financial services across the European Union, the European Free Trade Association, and the European Economic Area. Its offerings include peer-to-peer lending, investment solutions, payment initiation, account information services, and other digital payment products. Founded in 2014 Markets Lithuania Team size 10-50 Type P2P finance Website [neofinance.com](https://www.neofinance.com/) **81%** percentage of debts repaid **50%** portfolio growth **20%** decrease in NPL rate Challenge ## Turning high application volume into reliable lending decisions NEO Finance faced declining performance of its existing scoring models, resulting in high non-performing loan (NPL) levels, low approval rates, and increasing default risk. To address these challenges, the company needed a new dedicated solution that would ensure consistent credit risk assessment and reduce default rates. With a large volume of incoming applications, it became critical to leverage AI-driven software to extract maximum value from customer data and support sustainable portfolio growth. At the same time, the solution had to meet strict regulatory requirements, including compliance with anti-bias policies and regulations for stock-listed companies. Additionally, robust data storage and transfer capabilities were required to automate the credit scoring process, ensure data security and personal data protection. Here at NeoFinance, the flow of incoming requests is huge, so it's vital for our business to wisely assess individual default risks. GiniMachine maximizes the value of our data. And that's exactly what we need to grow our client portfolio. Evaldas Remeikis Chairman of the Board at NEO Finance Approach ## AI-powered credit scoring Using GiniMachine, the client was able to build, validate, and deploy custom credit scoring models. These models evaluate loan applications based on flexible, user-defined parameter sets, enabling more accurate assessment of customer behavior and risk. On-premise deployment ensures compliance with data security and personal data protection standards. As a result, the team gained greater transparency into borrower profiles and improved risk management. Result ## Increased performance with lower default rates AI-powered GiniMachine helped NEO Finance increase the number of approved applications while decreasing non-performing loans. The client achieved the expected loan portfolio growth rate, with the number of issued credits increasing by 50%, the NPL rate decreasing by 20% and the repayment rate reaching 81.01%. [Download PDF version](https://hesfintech.com/wp-content/themes/hesfintech_eng/docs/cases/neo_finance_success_story.pdf) ## Other projects LoanBox SME lending Saudi Arabia ### [Wa’ed launched in the Saudi market in just 4 months](https://hesfintech.com/clients/waed/) LoanBox Impact finance Zambia ### [WayFina cuts costs and expands access to financing](https://hesfintech.com/clients/wayfina/) LoanBox Commercial lending Iceland ### [ALM Securities automates loan processing 100% in 6 months](https://hesfintech.com/clients/alm/) LoanBox Consumer lending Spain ### [ID Finance grows business 30% year-over-year](https://hesfintech.com/clients/moneyman/) LoanBox Consumer lending Mongolia ### [Tavan Bogd Finance built a $63M+ loan portfolio](https://hesfintech.com/clients/tavan/) LoanBox SME lending Canada ### [Canadian SME lender processes applications 6x faster](https://hesfintech.com/clients/canada/) LoanBox Investment advisory UK ### [Fintuity goes from idea to ROI in 10 months](https://hesfintech.com/clients/fintuity/) LoanBox POS lending Poland ### [IdeaBank processes loan applications 5x faster](https://hesfintech.com/clients/ideabank/) LoanBox BNPL Canada ### [Canadian lender increases issued loans by 40%](https://hesfintech.com/clients/canadian-lender/) LoanBox Auto lending Cyprus ### [Ta Meri automated car financing in 2 months](https://hesfintech.com/clients/ta-meri-finance/) LoanBox PayDay loan Kazakhstan ### [CashU sees 170% increase in loan applications](https://hesfintech.com/clients/smart-finance/) LoanBox Microfinance Ukraine ### [Euro Groshi grows online applications by 75%](https://hesfintech.com/clients/eurogroshi/) LoanBox Consumer lending Vietnam ### [ATM Online makes decisions 80% faster with a custom decisioning system](https://hesfintech.com/clients/atm-online/) LoanBox Consumer lending Australia ### [Australian lender cut loan approval to 1 day with an 8-minute application](https://hesfintech.com/clients/australian-lender/) LoanBox Microfinance Philippines ### [Philippine microfinance lender grew revenue 35% in its first year](https://hesfintech.com/clients/philippines/)