NordIX AG ("NordIX") and SaveLend Group AB ("The Company" or "SaveLend Group") have decided to increase their cooperation even more.
NordIX AG ("NordIX") and SaveLend Group AB ("The Company" or "SaveLend Group") have decided to increase their cooperation even more.
In addition to increasing its holdings in credits denominated in euros, NordIX's European consumer credit fund will also augment its holdings in consumer credits issued in Sweden. The entire amount invested by NordIX will rise by about MSEK 40.
In June 2022, SaveLend Group and NordIX partnered to provide consumer credits that were dispersed in Sweden. Since the cooperation started, NordIX has more than twice its initial investment of roughly MSEK 50. The partnership is now expected to expand much further, entering the Finnish market and involving euro investments. Both partners intend to expand the MEUR 1 initial investment in this new venture. Furthermore, NordIX is going to increase its investment by an additional MSEK 30 in the Swedish market.
"We have been investing with SaveLend for over a year, and we are happy with the reporting, connection, and returns. This gives us the confidence to grow our partnership," says NordIX AG CEO Claus Tumbrägel.
We have completed a significant system and credit change, and we are now prepared to handle higher volume orders on the Finnish market. "We value our partnership with NordIX, and we are thrilled to work with them on our first institutional deal in Finland," says Peter Balod, CEO of SaveLend Group.
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