/retail banking

News and resources on retail banking, consumer finance and reinventing customer experience in finance.

NordIX to make further investment in SaveLend

SaveLend Group AB ("SaveLend Group") and NordIX AG ("NordIX") have agreed to further expand their collaboration.

  0 Be the first to comment

External

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

In 2025, NordIX will invest at least an additional MSEK 115 into Swedish consumer loans.
SaveLend Group initiated its partnership with the German fixed-income specialist NordIX in June 2022, focusing on consumer loans facilitated in Sweden. The initial investment amounted to approximately MSEK 50 and has nearly quadrupled since the collaboration began. This successful partnership will now be further expanded, with plans for NordIX to invest at least an additional MSEK 115 in Swedish consumer loans in 2025, representing an increase of approximately 60%.

“We have been investing with SaveLend for several years and remain highly satisfied with the stable, risk-adjusted returns provided through their platform. Increasing our investment in Swedish consumer loans is a natural step for us, as we continue to see potential in this asset class,” says Claus Tumbrägel, CEO of NordIX AG.

“The decision by NordIX to further increase their investment with us is a strong testament to the reliability of our product. We are grateful for their continued trust and look forward to further scaling up our collaboration in the future,” says Peter Balod, CEO of SaveLend Group.

Sponsored [New Event Report] AI’s Role in the US Financial Services Sector: Balancing Innovation and Compliance

Related Company

Channels

Comments: (0)

[Webinar] Practical AI in Payments: Moving Beyond Buzzwords to Bottom-Line ImpactFinextra Promoted[Webinar] Practical AI in Payments: Moving Beyond Buzzwords to Bottom-Line Impact