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 lena.apler@collectorbank.se
Clara Bolinder-Lundberg, IR Manager I Telephone +46 70 719 84 43 | email clara.bolinderlundberg@collectorbank.se

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About Us

Collector is an innovative, digital, niche bank that offers financing solutions to private and corporate customers. Operations are comprised of the Retail and Corporate segments. Within the Retail segment, the company is engaged in lending to private individuals, invoice and payments by instalments to e-commerce and retail companies, credit card services and deposits. The Corporate segment includes real estate credits, factoring and company credits directed mainly at small and medium-sized enterprises, debt collection on behalf of customers (assignment debt collection) and the acquisition of portfolios of overdue receivables. The company has offices in Gothenburg (head office), Stockholm, Helsinki and Oslo. The Group consists of the parent company Collector AB (publ), wholly owned subsidiary Collector Bank AB, where the main business is conducted, Colligent Inkasso AB and Colligent Norge AS with business services and debt collection and Collector Ventures 1 KB with investments in Fintech. Collector AB (publ) is listed on Nasdaq Stockholm

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Quotes

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.
Lena Apler, acting CEO at Collector.