SaveLend Group has expanded its funding settlement with NordIX, whereby the German fixed-income specialist will fund an extra MSEK 115 (£8.3m) of SaveLend’s Swedish shopper loans this 12 months.
SaveLend Group is a fintech firm based mostly in Sweden and Finland, which owns the peer-to-peer lending platform SaveLend and the billing platform Billecta.
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NordIX is a Hamburg based mostly fixed-income specialist that manages a number of mutual funds and segregated funds, and develops funding options for institutional traders. In April 2021, NordIX launched its European Shopper Credit score Fund to put money into shopper loans generated by way of market lending platforms.
SaveLend Group initiated its partnership with NordIX in June 2022 with an preliminary funding of MSEK 50, that has practically quadrupled since then.
“We now have been investing with SaveLend for a number of years and stay extremely happy with the secure, risk-adjusted returns offered by way of their platform,” stated Claus Tumbrägel, chief govt of NordIX.
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“Rising our funding in Swedish shopper loans is a pure step for us, as we proceed to see potential on this asset class.”
Peter Balod, chief govt of SaveLend Group, stated: “The choice by NordIX to additional enhance their funding with us is a powerful testomony to the reliability of our product. We’re grateful for his or her continued belief and look ahead to additional scaling up our collaboration sooner or later.”
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