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 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

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.