Collector reinforces its position as a digital innovator

Gothenburg, Sweden – Collector AB (publ.) (Nasdaq Stockholm: COLL). Collector is establishing a new company, Collector Ventures KB, jointly with NFT Ventures. Collector’s cooperation with NFT shall focus on investments in FinTech companies. The purpose is to develop new digital products and technology solutions, mostly for banking operations.

Collector currently cooperates with a number of FinTech companies. To enable continued high innovative power, Collector shall now invest, jointly with NFT, in a number of companies with financial and digital focus.

“This is yet another way for Collector to evolve into the leading digital niche bank in the Nordic region. By taking on ownership and participating in the development of new FinTech companies, we increase our ability to offer our customers the best and most cutting-edge solutions. NFT creates the conditions needed for Collector to invest in documented and evaluated FinTech companies and develop our own products.” Stefan Alexandersson, CEO, Collector.

NFT is a leading Venture Capital company within FinTech in Northern Europe, which has invested in 17 companies to date.

“At NFT, we view Collector as a very exciting and inspiring partner. Collector has taken up a clear position as a leader within digital innovation, seeing the growth opportunities within the next generation of bank services. Together, we create the right conditions for identifying and developing new and exciting FinTech companies in Northern Europe.” Johan Lundberg, CEO, NFT Ventures.

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

Johan Lundberg, CEO, NFT Ventures I Phone +46 73 988 04 22 I Email johan.lundberg@nftventures.com
Marie Tjeder, PR & Communication, NFT Ventures I Phone +46 706 79 60 13 I Email marie.tjeder@nftventures.com

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 7 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

This is yet another way for Collector to evolve into the leading digital niche bank in the Nordic region. By taking on ownership and participating in the development of new FinTech companies, we increase our ability to offer our customers the best and most cutting-edge solutions. NFT creates the conditions needed for Collector to invest in documented and evaluated FinTech companies and develop our own products.
Stefan Alexandersson, CEO, Collector
At NFT, we view Collector as a very exciting and inspiring partner. Collector has taken up a clear position as a leader within digital innovation, seeing the growth opportunities within the next generation of bank services. Together, we create the right conditions for identifying and developing new and exciting FinTech companies in Northern Europe.
Johan Lundberg, CEO, NFT Ventures