When our fintech company decided to expand into consumer lending, securing a consumer credit license in Europe quickly became a central priority. We knew that without proper authorization, we couldn’t offer regulated credit products — but the licensing process looked complex, technical, and full of strict compliance requirements. That’s when we turned to ECOVIS for expert guidance — and the result was far better than we expected.
Right from our first conversation with their team, it was clear that ECOVIS understood the European regulatory landscape for consumer credit providers deeply. Instead of offering generic checklists, they took time to assess our business model, planned lending products, risk framework, and operational structure before outlining a personalized licensing strategy.
One of the biggest hurdles was preparing all the required compliance documentation. ECOVIS helped us draft detailed governance policies, risk management procedures, consumer protection protocols, AML/KYC frameworks, and other key files regulators expect to see. Each piece was carefully reviewed to make sure it aligned with regulatory standards and minimized the risk of objections or delays.
What really made a difference was how they handled communication with regulators. Whenever additional information was requested, ECOVIS prepared precise and professional responses that kept the process moving forward. Their proactive approach meant we were never left guessing about what regulators wanted — and that saved valuable time.
We also appreciated their realistic timeline guidance. Rather than making unrealistic promises, ECOVIS provided a clear schedule for each phase of the licensing process and kept us updated with regular progress reports. This transparency made it easier for us to coordinate internal planning, investor updates, and platform readiness.
Thanks to their structured support and regulatory insight, we successfully obtained our consumer credit license without unnecessary complications or setbacks. The entire journey was organized, efficient, and professionally guided from start to finish.
If your company is planning to apply for a
Consumer credit license in Europe, I confidently recommend ECOVIS based on our experience. You can learn more about their licensing services here: https://ecovis.lt/fintech/consumer-credit-provider/
Working with experienced advisors like ECOVIS doesn’t just help you get licensed — it ensures the process is clear, manageable, and sets your business up for long‑term success in a competitive market.