Nordax Group

Digital consumer bank

Nordax Group AB (publ) is a leading niche bank in Northern Europe focusing on large, long duration personal loans, mortgages, 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 2022

EUR 595 million

EMPLOYEES

595

OWNERSHIP

Fund VIII, Fund IX

INVESTMENT DATE

2017

HEAD OFFICE

Stockholm, Sweden

MANAGEMENT

Jacob Lundblad

CEO

Patrick MacArthur

CFO

CHAIRPERSON

Hans-Ole Jochumsen

RESPONSIBLE ADVISOR

Christian Frick

Partner | Head of Financial Services