Axactor Sweden adds a new FF agreement with Lendify

Oslo, June 6th, 2019

Axactor Sweden, has entered into a new FF agreement with Lendify. The FF contract will last 24 months, generating a total estimated principal value of 15 mEUR across 1.250 claims. The claims are all fresh and the contract is expected to start in September.

Lisa Sohtell, country manager Sweden, commented “The team are delighted to have been able to close this new FF agreement in addition to the one off closed earlier in the year.”

This acquisition will be financed through Axactor’s existing cash and credit facilities.

For additional information, please contact: 

Johnny Tsolis, CFO, Axactor
Mobile phone: +47 913 35 461
Email: johnny.tsolis@axactor.com

About Axactor 
Axactor Group specializes in both Debt Collection and Debt Purchasing across several countries, with operations in Finland, Germany, Italy, Norway, Sweden and Spain. The company has a Nordic base and an ambitious Pan-European growth strategy, which targets the market for non-performing loans (NPL) in Europe. This market is estimated to be about 1,000 billion euros across Europe providing significant opportunities for Axactor's future expansion. Axactor has approximately 1,100 employees.