Avida Finans AB

About Us

About Avida Avida is a specialist in consumer and SME financing, aiming to provide a seamless customer experience, both digitally and personally. We are on a transformative and exciting journey in Avida. September 18, we entered into an agreement to acquire the performing Swedish and Norwegian credit card business of Santander Consumer Bank AS, as well as the sales financing business that Santander Consumer Bank currently operates in partnership with Elkjøp in Norway and Elgiganten in Sweden. The acquired business will add approximately 450 000 new private customers, 50 new colleagues. When adding the new business, we will have approximately 210 employees with headquarters in Stockholm and offices in Oslo, Helsinki and Stavanger. Avida is supervised by the Swedish Financial Supervisory Authority.Avida is supervised by the Swedish Financial Supervisory Authority. Avida is under the supervision of the Swedish Financial Supervisory Authority. Like all Swedish banks and credit market companies, we are covered by the state deposit insurance.

Contacts

Lennart Erlandson

CFO

http://www.avida.se
lennart.erlandson@avida.se

Michael Grosche

Head of Communication and Investor Relations

+ 46 70 307 29 36
http://www.avida.se
michael.grosche@avida.se

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Avida signs financing agreement with Norway's largest recycling company Norsk Gjenvinning

Wed, Feb 28, 2018 14:45 CET

Norway's largest recycling company, Norsk Gjenvinning, has signed a major financing agreement with Avida AB.Norsk Gjenvinning has recently been acquired by new owners when Summa Equity acquired the company from Altor, a Private Equity company. “Avida has a stated target to reach SEK5bn in SME loans by 2020. This deal is a great step forward and entails that our 2018 goals are within reach already. This is the second large deal for Avida in a short time and clearly shows that Avida has a very competitive offer. This is further supported by our very strong pipeline, says CEO of Avida,

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Avida signs financing agreement with Norway's largest recycling company Norsk Gjenvinning

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