Borgo
Borgo is a Swedish digital mortgage institution offering savings accounts directly to consumers and residential mortgages through six partner banks, funded by deposits and operating under Finansinspektionen supervision with Moody's investment grade rating.
- Company typePrivate
- Founded2018
- HeadquartersStockholm, Sweden
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What Borgo does
Borgo is a Swedish digital mortgage institution (hypoteksbolag) founded in 2018 and headquartered in Stockholm, operating under Finansinspektionen supervision with a credit market company authorization and the right to issue covered bonds under Swedish law. The company offers two complementary products: variable-rate and fixed-term savings accounts sold directly to Swedish consumers and businesses through a digital self-service portal (Mina Sidor), and residential mortgages (bolån) distributed exclusively through six partner banks and financial advisory firms (ICA Banken, Ikano Bank, Sparbanken Syd, Söderberg & Partners, Lån & Spar Bank, and Ålandsbanken). Borgo is the lender of record while partners handle customer-facing origination. The savings product carries a market-leading variable rate of 2.50% as of mid-2025, approximately 201% above the Swedish national average of 0.83% per SCB data, with deposits covered by the Swedish statutory deposit guarantee up to 1,150,000 SEK and used exclusively to fund Swedish home mortgages — never consumer loans or high-risk lending.
The technical platform is digital-first and built on a proprietary infrastructure integrating Mobilt BankID for authentication, Scrive for digital signatures, and Bankgiro for deposits. In August 2025 Borgo acquired Hypoteket's market-leading mortgage technology platform — built over eight years — together with its tech and product team, to accelerate new product development. The company also publishes original research (the annual Spargrisrapporten conducted with Demoskop on 2,000+ respondents) and operates an influencer-led content marketing presence. Borgo holds a Moody's investment grade rating confirmed with a stable outlook in June 2025 and successfully issued its first Additional Tier 1 (AT1) bonds in January 2026, signaling regulatory capital market access.
Borgo's revenue model is the interest rate spread between what it earns on its mortgage book and what it pays on savings deposits, supplemented by deposit-gathering through embedded partnerships with savings platforms Lysa (launched May 2023) and Levler (launched September 2025). The company is privately held by its six banking partners plus financial investors Persson Invest, Proventus, Real Alliance, and Neptunia, and operates with approximately 40 employees. Customer segments include Swedish retail savers, business depositors (aktiebolag, handelsbolag, ekonomiska föreningar, stiftelser, bostadsrättsföreningar), and mortgage borrowers reached via partner banks. The announced product pipeline includes green mortgages (Gröna bolån) targeting energy-efficient housing.
Borgo firmographics
Firmographics- Name
- Borgo
- Legal name
- Borgo AB (publ)
- Website
- https://borgohypotek.se
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Borgo is a Swedish digital mortgage institution offering savings accounts directly to consumers and residential mortgages through six partner banks, funded by deposits and operating under Finansinspektionen supervision with Moody's investment grade rating.
- Ownership category
- akta.pro rank
Where Borgo is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Offices1 record
Markets served
Borgo business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Mortgage lending interest income: Borgo generates revenue primarily from interest income on its mortgage (bostadskredit) portfolio. Savings deposits are used to fund these mortgage loans, with the spread between lending rates and deposit rates constituting the core revenue.
- Savings account deposits (inlåning): Deposits from private individuals and businesses serve as the primary funding source for Borgo's mortgage operations. Borgo pays competitive interest on these deposits. The float and interest rate spread between what Borgo pays on savings and earns on mortgages is a key revenue driver.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Variable-rate savings account (rörlig ränta) |
| Subscription | Multi-year contract | Fixed-rate savings account (fasträntekonto) |
| Usage-based | Pay-as-you-go | Deposit limit via managed account (förvalt konto/autogiro) |
Go-to-market motion3 records
Distribution channels9 records
Marketing channels7 records
Borgo product offering
Product offeringCore offering
Borgo is a Swedish credit market company (kreditmarknadsbolag) that offers savings accounts to consumers and businesses directly through its digital platform, and provides mortgage lending (bostadslån) as the lender through a network of six partner banks. Savings deposits are used exclusively to fund Swedish home mortgages, with the interest rate spread between deposit and lending rates forming the core economics of the business.
Product overview
Borgo operates as a unified platform offering two complementary financial products: savings accounts and mortgage loans. The savings product line consists of a variable-rate account (Rörligt sparkonto) offering flexible access with competitive interest and monthly payouts, plus fixed-rate accounts (Fasträntekonto) with terms from 3 to 36 months for higher guaranteed returns. Mortgage products (Bolån) are not offered directly but distributed through a network of six partner banks (ICA Banken, Ikano Bank, Sparbanken Syd, Söderberg & Partners, Lån & Spar Bank, Ålandsbanken), with Borgo acting as the credit provider. Customer deposits fund the mortgage lending operations, never consumer loans. An announced green mortgage product will expand the portfolio toward sustainable housing. The platform is accessed via the website and 'Mina Sidor' (My Pages) customer portal.
Differentiator
Problem solved
Functional benefit
Products and services
- Rörligt sparkonto (Variable-rate savings account) Variable-rate savings account for Swedish private individuals and businesses, offering competitive variable interest with monthly interest payouts enabling compound growth, free withdrawals, and statutory deposit guarantee coverage.
- Fasträntekonto (Fixed-rate savings account) Fixed-rate savings account with terms of 3, 6, 12, 24, or 36 months at a guaranteed interest rate. Requires a minimum balance of 10,000 SEK on the variable-rate account before opening; funds cannot be deposited or withdrawn during the fixed term and are returned to the variable account at maturity.
- Bolån (Mortgage Loans) Residential mortgage lending for Swedish homeowners (primary residence, vacation home, or investment property), with Borgo acting as the lender and credit decision-maker while partner banks (ICA Banken, Ikano Bank, Sparbanken Syd, Söderberg & Partners, Lån & Spar Bank, Ålandsbanken) handle customer acquisition and distribution. Lending up to 85% loan-to-value ratio.
Quantifiable outcome
- Borgo's variable savings rate (2.50%) is approximately 201% higher than the national average savings rate (0.83%) for bank deposits, as of March 2025 per SCB data.
- +1 more outcomes
Companies that use Borgo
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles3 records
Borgo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature4 records
Borgo partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered minor and core.
- LevlerminorLevler, a Swedish savings platform, offers Borgo savings accounts to its customers through a deposit partnership launched September 2025.
- Lån & Spar BankcoreLån & Spar Bank joined Borgo as both a distribution partner and co-owner in July 2024 through a capital raise. It distributes Borgo mortgages and provides equity capital.
- LysaminorLysa, a Swedish digital savings and investment platform, offers Borgo savings accounts to its customers through an deposit partnership. Launched May 2023.
- ICA BankencoreICA Banken is both a distribution partner and co-owner of Borgo. It distributes Borgo mortgages to its customer base, enabling Borgo to reach a broad retail customer segment across Sweden.
- Ikano BankcoreIkano Bank is both a distribution partner and co-owner of Borgo. It distributes Borgo mortgages to its customers.
- Sparbanken SydcoreSparbanken Syd is both a distribution partner and co-owner of Borgo. As a regional savings bank, it distributes Borgo mortgages in southern Sweden.
- Söderberg & PartnerscoreSöderberg & Partners is both a distribution partner and co-owner of Borgo. As a financial advisory firm, it distributes Borgo mortgages through its advisory network.
- ÅlandsbankencoreÅlandsbanken is both a distribution partner and co-owner of Borgo. It distributes Borgo mortgages and has sold mortgage portfolios to Borgo (September 2023 and June 2024), demonstrating a multi-faceted partnership.
- Svårlurad (Swedish Banking Fraud Prevention Initiative)minorSvårlurad is a bank-sector-wide initiative in Sweden to educate consumers about fraud prevention. Borgo participates in this initiative to help protect its customers and the broader public from investment fraud and other scams.
Scale indicators5 records
Recent moves9 records
Expansion highlights5 records
Borgo competitors and assessment
Company assessmentOthers
- ICA Banken: ICA Banken is one of Borgo's distribution partners and co-owners, and also a Swedish deposit-taking bank with mortgage exposure. It is comparable as a channel and capital partner, though it competes more broadly as a retail bank.
- Lysa: Lysa is a Swedish digital savings and investment platform that distributes Borgo's deposit products to its customers. It is a deposit-supply partner rather than a direct competitor, but comparable as a Swedish fintech targeting the same savers.
Direct peers
- Svea Bank: Svea Bank is a Nordic fintech-owned bank offering deposit-taking and SME/consumer lending. It overlaps with Borgo on deposit-funded lending and digital onboarding, though with a broader commercial and consumer finance mix.
- Stabelo: Stabelo is a Swedish digital mortgage platform that partners with banks and investors to fund residential mortgages. It shares Borgo's broker/originator-light model and target of price-disruptive mortgage products for Swedish consumers.
- SBAB: SBAB is Sweden's state-owned mortgage specialist, offering residential mortgages and savings accounts nationally. It is the closest large-scale analog to Borgo's mortgage-and-deposit business model, though at much greater scale and with full branch and digital presence.
- Nordax Bank: Nordax is a Nordic digital bank offering savings deposits and consumer/mortgage lending across the Nordics. It competes with Borgo for Swedish digital savers and operates a similar deposit-funded lending model, though with broader product breadth.
- Skandiabanken (LF Bank): Skandiabanken, now part of Länsförsäkringar Bank, is a Swedish digital-first bank offering mortgages and savings accounts. It is comparable to Borgo in its digital-first deposit-funded model and Swedish mortgage focus.
Emerging players
- Avanza Bank: Avanza is Sweden's leading retail savings and investment platform with significant deposit balances. It is comparable as a Swedish digital deposit franchise targeting similar consumers, though it focuses on capital markets products rather than mortgage lending.
- Nordnet: Nordnet is a Nordic digital savings and investment platform competing for Swedish retail deposits. It overlaps with Borgo's deposit-customer target segment but is primarily capital-markets focused rather than a mortgage originator.
Broad incumbents
- Klarna: Klarna is a large Swedish fintech and an early investor in Borgo. It is not a direct mortgage competitor but is broadly comparable as a Swedish fintech with consumer finance and banking-adjacent ambitions, and is structurally embedded in Borgo's ownership history.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Borgo social profiles
Digital presenceBorgo compliance and trust
Trust signalCompliance3 records
Borgo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Borgo leadership team
Management profileNumber of profiles
Profiles6 records
Borgo funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Borgo M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Borgo
What does Borgo do?
Borgo is a Swedish credit market company (kreditmarknadsbolag) that offers savings accounts to consumers and businesses directly through its digital platform, and provides mortgage lending (bostadslån) as the lender through a network of six partner banks. Savings deposits are used exclusively to fund Swedish home mortgages, with the interest rate spread between deposit and lending rates forming the core economics of the business.
Is Borgo a public or private company?
Borgo is a private company. It is classified as corporate owned and is currently operating.
When was Borgo founded?
Borgo was founded in 2018. It employs 51 to 100 people.
Where is Borgo based?
Borgo is headquartered in Stockholm, Sweden, in the Europe region.
How does Borgo make money?
Two revenue lines are on record. Mortgage lending interest income is the primary driver. The others are savings account deposits (inlåning).
Who are Borgo's main competitors?
Others on record are ICA Banken and Lysa. Direct peers are Svea Bank, Stabelo, SBAB, Nordax Bank and Skandiabanken (LF Bank). Emerging players are Avanza Bank and Nordnet. Klarna is listed as a broad incumbent.
Does Borgo have an API?
No public API is recorded for Borgo.