Michael Wolf invests in leading Swedish fintech SME-lender DBT Capital and joins Board of Directors
STOCKHOLM, March 29 2023 – Swedish Fintech SME lender DBT Capital today announces that Michael Wolf, former Group President and CEO for Swedbank Group (publ. STO: SWED-A), has invested in the company and been elected to join its Board of Directors. The company has lent in excess of EUR 220 million to Swedish SME companies since its founding in 2017, and is eyeing European expansion.
Swedish DBT Capital offers loans ranging from EUR 300.000 to EUR 3 million to Swedish small and medium sized LLC enterprises (SMEs). DBT’s proprietary tech platform accesses and leverages real-time data from the customers' accounting and public data through APIs. In the hands of the company’s experienced underwriting and credit teams this enables faster credit decisions with a better risk understanding, at scale.
– DBT Capital’s tech allows proven underwriting to be supercharged by advanced technology and access to real time data. This brings unsurpassed speed in decision making, precision in risk taking and scalability in lending to growing SME companies. Europe’s 22 million SME companies make up the backbone of our European economies, it will be exciting to back a company that so clearly serves them, says Michael Wolf, new investor and incoming board member in DBT Capital.
Michael Wolf brings extensive experience from banking and financial services to DBT Capital’s board of directors. He was Group CEO for Intrum 2006-2008 and CEO and Group President for Swedbank 2009-2016. He has also served as the Chairman for the Swedish Chamber of Commerce and Capio AB 2017-2018. He is today Chairman of Diakrit and SIBS, board member in Säkra and Ropo Capital and incoming board member for Hedvig.
– Through Michael Wolf’s involvement we gain a wealth of experience from the international banking industry, a relevant network and unique understanding of what SME companies need to thrive. His contribution will allow us to better serve our customers, and in time be highly relevant as we expand in Europe, says DBT Capital’s Founder and CEO Alexis Kopylov.
DBT Capital is a registered financial institution supervised by the Swedish Financial Supervisory Authority, supported by the European Investment Fund (EIF) and backed by Swedish listed investment company Öresund and Öman AB.
Michael Wolf formally joins DBT Capital’s Board of Directors April 1st 2023.
Press images attached (Photo: Alexander Donka)
For more information:
Oliver Carrà, DBT Capital Communications, +46 70 464 44 44, oliver@dbt.se
DBT Capital in brief
DBT Capital was founded in 2017 with the ambition to create better growth opportunities for Sweden's small and medium-sized companies. Leveraging its credit intelligence platform DBT combines a rational tech and data-driven process with a personal and qualitative collaboration to offer SMEs simple access to growth funding. DBT's corporate financing is aimed at limited companies across all industries that need to borrow SEK 3-35 million. DBT is a financial institution registered with the Swedish Financial Supervisory Authority. For more information, please visit dbt.se/investor-relations
