Collector becomes a full-service supplier of payment solutions to a large Swedish retailer

Gothenburg, Sweden – Collector AB (publ.) (Nasdaq Stockholm: COLL). Collector is entering into an agreement with yet another large retail chain, becoming a full-service payment solution partner. The new customer is one of the largest players in the Nordic region within its segment, covering everything from e-commerce to bricks-and-mortar stores. The agreement will lead to an annual credit volume of approximately SEK 500 million.

Collector will be a full-service supplier to all of the player’s existing sales channels. The agreement covers e-commerce, such as invoicing and online accounts; an in-store credit account linked to a loyalty programme; and acting as a financing partner for the chain’s operations, including sales to legal entities. Collector will initially roll out the solution in the Nordic region, but it will eventually be expanded to other markets as well.

“Collector has been entrusted to work with yet another major retail player, which pleases us immensely,” says Stefan Alexandersson, CEO of Collector. Our solution allows the customer to replace several suppliers of payment solutions with a single comprehensive solution.”

For further information, please contact:
Stefan Alexandersson, CEO, Collector I Phone +46 70 607 38 87 I Email stefan.alexandersson@collector.se
Åsa Hillsten Eklund, CMO I Phone +46 70 081 81 17 I Email asa.hillsteneklund@collectorbank.se

This information is published pursuant to the Swedish Securities Market Act, the Swedish Financial Instruments Trading Act or the rules and regulations of Nasdaq Stockholm. The information was submitted for publication on 14 April 2016 at 8.15 a.m. Stock exchange: Ticker symbol COLL

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About Us

Collector is a leading digital niche bank that develops financial solutions for private and corporate customers. For the private market, we offer savings and loans, invoicing and installment, credit card services and financial apps. The corporate segment encompasses payment solutions for e-commerce and retail, factoring and corporate lending, real estate credits and assignment debt collection. With an annual organic revenue growth of 30 % since 2005, we have the persistence, courage and experience required to believe in ideas and help get them off the ground. The Group consists of the parent company Collector AB (publ), the wholly owned subsidiary Collector Bank AB, where the main operations are conducted, Colligent Inkasso AB and Colligent Inkasso AS, offering assignment operations and debt collection, and Collector Ventures, which invests in FinTech. The company has offices in Gothenburg (head office), Stockholm, Helsinki and Oslo. Collector is listed on Nasdaq Stockholm.

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Quotes

Collector has been entrusted to work with yet another major retail player, which pleases us immensely. Our solution allows the customer to replace several suppliers of payment solutions with a single comprehensive solution.
Stefan Alexandersson, CEO of Collector.