Avida starts cooperation with European loan platform
As the first Nordic player, Avida is starting a collaboration with Funding Circle, a European platform for loans to small and medium-sized companies in Germany and the Netherlands.Initially, Avida will lend the equivalent of EUR 50 million over the next nine months and then gradually increase lending to reach just over EUR 100 million in 2020. Tord Topsholm, CEO of Avida Finans AB, said: “I am excited over this new cooperation that gives us an excellent complement to our home market in the Nordic region as we now have the opportunity to reach a market we could not tap into without