Profit at loan servicing firm Pepper Finance Ireland rises 28%

Underbilling error last year saw company undercharge mortgage payments to some customers

Pepper Finance Ireland said its revenue increased 12.7% over the year, to €66.6m.

Loan servicing company Pepper Finance Ireland reported a 28% increase in its pre-tax profit to €15.1m during 2023, despite an underbilling error which saw it undercharge mortgage payments to some customers.

Pepper Finance is a loan services provider and is used by banks as well as investment funds to manage their Irish loans.