Nordax Group

Digital consumer bank

Nordax Group AB (publ) is a leading niche bank in Northern Europe focusing on large, long duration personal loans, morgages, credit cards and deposit accounts.

Company Background

  • Leading specialist bank in the Nordics with a focus on financial inclusion & responsible lending and sustainable organisation
  • Together with Bank Norwegian, Nordax has the scale and resources to be a leading force in shaping the future of consumer finance
  • The offering includes innovative solutions that will challenge the large incumbent banks for the benefit of customers

Vision & Outlook

Support Nordax in becoming a leading force in shaping the future of consumer finance

Further develop Nordax's already best-in-class digital customer experience

Invest in products and solutions that ensure responsible lending and financial inclusion

Highlights & Updates

  • Launched a recommended voluntary cash offer for all shares in Bank Norwegian in July 2021 and completed the public offer in November 2021
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SECTOR

Financial Services

REVENUES 2021

EUR 635 million

EMPLOYEES

440

OWNERSHIP

Fund VIII, Fund IX

HEAD OFFICE

Sweden

INVESTMENT DATE

2017

MANAGEMENT

Jacob Lundblad

CEO

Patrick MacArthur

CFO

CHAIRPERSON

Hans-Ole Jochumsen

RESPONSIBLE ADVISOR

Christian Frick

Partner | Head of Financial Services