Collector Bank in new partnership with Mr Shoebox
Collector Bank is initiating a new financing partnership with Mr Shoebox. The partnership means that Mr Shoebox can now offer all of its clients invoice financing and company credits through Collector Bank’s customized open banking solution.
Mr Shoebox offers a next-generation, cloud-based and mobile app service for accounting and bookkeeping services. About 85 percent of all new jobs in the EU over the past five years have been generated by small businesses. By partnering with Collector, business owners are now offered effective and digital financing solutions, including real-time analyses of income and expenses. The efficiency of the credit assessments makes it easier for companies to make appropriate decisions regarding their financing.
“Collector Bank is the self-evident partner when it comes to digital financing solutions. Together, we can reduce the administrative burden and contribute to the growth of many of small business owners in Europe,” says Ken Bertling, CEO of Mr Shoebox.
“Being able to offer financing to a larger group of small and medium-sized companies through our partnership with Mr Shoebox is highly positive. It is also particularly gratifying to be able to establish a business relationship with one of the fintech companies in whom we have invested through Collector Ventures,” says Lena Apler, acting CEO at Collector.
Collector Ventures invests in new FinTech companies with a distinctive digital focus in which Collector Bank perceives technical and commercial benefit. Collector Ventures’ holding in Mr Shoebox amounts to slightly more than 13 percent.
For further information, please contact:
Lena Apler, acting CEO I Telephone +46 705 25 65 80 I email firstname.lastname@example.org
Clara Bolinder-Lundberg, IR Manager I Telephone +46 70 719 84 43 | email email@example.com