Aprila Bank
Aprila Bank ASA is a publicly listed Norwegian digital business bank offering API-integrated kassekreditt and installment loans up to 25M NOK to underserved SMBs via partnerships with Visma, Tripletex, Fiken, and Duett accounting platforms.
- Company typePublic
- Founded2018
- HeadquartersOslo, Norway
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Aprila Bank does
Aprila Bank ASA is a Norwegian digital business bank founded in 2018 and listed on Oslo Stock Exchange (ticker: APRILA), headquartered at Kirkegata 5, Oslo. The bank targets small and medium-sized enterprises (SMEs) in Norway that are underserved by traditional banks, offering two core credit products: Kassekreditt (a revolving overdraft facility up to 25M NOK with interest charged only on drawn amounts) and Nedbetalingslån (a fixed-term installment loan launched in October 2024). A fully digital, self-serve application process delivers an indicative offer in under 60 seconds via BankID authentication, with same-day or next-business-day disbursement after approval and no requirement for property collateral.
Underlying the offering is an API-based technology platform integrated with Norway's four leading cloud ERP and accounting systems — Visma, Tripletex, Fiken, and Duett — providing embedded-finance access to approximately 130,000 SMEs and enabling credit decisions based on real-time accounting data rather than the annual reports (up to 16 months old) used by incumbent banks. The bank has extended credit to nearly 30,000 businesses since inception.
Aprila Bank generates revenue primarily through interest income on drawn loan balances (effective rates of approximately 16%) supplemented by a recurring monthly facility fee starting at 149 NOK, with personal retail savings deposits (at 4.59% nominal / 4.69% effective) acting as a funding source. Distribution is fully digital and self-serve, augmented by channel partnerships with ERP vendors and industry associations such as FSI (defense) and FIAS (seafood). The bank operates with 11-50 employees under a Finanstilsynet banking license and is a member of Bankenes Sikringsfond.
Aprila Bank firmographics
Firmographics- Name
- Aprila Bank
- Legal name
- Aprila Bank ASA
- Website
- https://aprila.no
- Company type
- Public
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Aprila Bank ASA is a publicly listed Norwegian digital business bank offering API-integrated kassekreditt and installment loans up to 25M NOK to underserved SMBs via partnerships with Visma, Tripletex, Fiken, and Duett accounting platforms.
- Ownership category
- akta.pro rank
Where Aprila Bank is headquartered
LocationHeadquarters
- HQ city
- Oslo
- HQ country
- Norway
- HQ region
- Europe
Offices1 record
Markets served
Aprila Bank business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Interest income on loans: Aprila Bank earns interest income on kassekreditt (revolving credit) and nedbetalingslån (installment loans) extended to SMBs. Interest is charged on drawn amounts for kassekreditt, while installment loans have fixed monthly payments including principal and interest.
- Monthly account fees: Fixed monthly fees charged on credit facilities - from 149 NOK for kassekreditt, providing predictable recurring revenue alongside variable interest income.
- Personal savings deposits: Aprila Bank accepts personal savings deposits from retail customers at competitive rates (4.59% nominal/4.69% effective), using these as a funding source for SMB lending operations. Currently not accepting new deposit customers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Monthly | Kassekreditt (Revolving Credit) - Up to 25M NOK |
| Usage-based | Monthly | Nedbetalingslån (Installment Loan) - Up to 25M NOK |
| Subscription | Monthly | Personal savings account - Up to 2M NOK |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels4 records
Aprila Bank product offering
Product offeringCore offering
Aprila Bank is a Norwegian digital business bank that provides fast, collateral-free financing (kassekreditt/revolving credit and nedbetalingslån/installment loans) of up to NOK 25 million to small and medium-sized enterprises, with automated 60-second credit decisions via BankID and same/next-day fund disbursement. The bank also accepts personal savings deposits (currently closed to new customers) as a funding source for its SMB lending operations.
Product overview
Aprila Bank is a digital business bank offering an integrated suite of SME financing products built around two core offerings: Kassekreditt (flexible overdraft credit) and Nedbetalingslån (installment loans). Both products share a unified digital application process via the Bedriftslån platform, which provides offers in under 60 seconds using BankID authentication. The product range is designed to address short-term liquidity needs (kassekreditt) and longer-term investment financing (nedbetalingslån), with credit limits up to NOK 25 million per business. The bank previously offered Fakturasalg (invoice factoring) but discontinued it in 2024. Personal savings accounts are available for retail customers.
Differentiator
Problem solved
Functional benefit
Products and services
- Kassekreditt
Quantifiable outcome
- 79% of Norwegian businesses have experienced liquidity problems, 85% of new jobs are created in SMBs, 99% of Norwegian businesses are SMBs - indicating large underserved market
- +1 more outcomes
Companies that use Aprila Bank
Customer profileNamed customers15 records
Segments4 records
Ideal customer profiles4 records
Aprila Bank technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
Feature2 records
Aprila Bank partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- FSI (Forsvars- og sikkerhetsindustriens forening)coreAprila Bank partnered with FSI to make financing simpler and more accessible for member companies in Norway's defense, security, and preparedness sector. FSI represents hundreds of member companies - mainly SMBs with high expertise and advanced technology operating in demanding markets where flexible capital access is crucial for growth.
- FIAS (Fiskerinæringens Innkjøpsselskap AS)coreAprila Bank partnered with FIAS to strengthen small and medium-sized businesses within Norway's seafood industry. Together they aim to provide simpler and more flexible financing solutions for an important growth industry in Norway.
- VismacoreAPI integration partnership connecting Aprila Bank's financing platform with Visma's cloud-based ERP and accounting systems, enabling seamless access to real-time financial data for credit decisions and embedded finance distribution.
- TripletexcoreAPI integration partnership connecting Aprila Bank's financing platform with Tripletex accounting software, enabling seamless access to financial data for automated credit assessment.
- FikencoreAPI integration partnership enabling Aprila Bank to access real-time accounting data from Fiken customers for faster credit decisions and seamless financing applications.
- DuettcoreAPI integration partnership connecting Aprila Bank with Duett accounting systems for real-time financial data access and automated credit processing.
- SB1SR (SpareBank 1 SR-Bank)minorRegional banking partnership to provide financing access to businesses in Southern Norway through Norway's second-largest Norwegian-owned bank network.
Scale indicators5 records
Recent moves7 records
Expansion highlights6 records
Aprila Bank competitors and assessment
Company assessmentEmerging players
- Capitalbox: Norwegian fintech providing working capital and invoice financing to small businesses. Comparable to Aprila in its SMB working capital focus, representing an emerging alternative lender targeting the same underserved Norwegian segment.
- Northmill Bank: Swedish digital bank with growing Nordic presence offering consumer credit and savings. Comparable to Aprila as a smaller, digital-first Nordic challenger expanding through a similar product-led approach and embedded integrations.
Broad incumbents
- SpareBank 1 SR-Bank: Regional Norwegian savings bank (and Aprila's distribution partner) serving retail and SME customers in Southern Norway. A traditional bank incumbent that both competes with and distributes Aprila's products, with a much larger branch network and balance sheet.
- DNB Bank: Norway's largest financial services group, providing corporate and SME banking, payments, and capital markets. A structural incumbent competing with Aprila in Norwegian SMB lending, with a vastly larger balance sheet, branch network, and product breadth.
- Svea Bank: Nordic fintech banking group providing SME financing, factoring, and consumer credit across multiple Nordic markets. Comparable to Aprila in core SME lending capability, with broader geographic reach and a more diversified product set.
- Resurs Bank: Nordic bank specializing in consumer and SME financing, including invoice factoring and retail financing. Comparable to Aprila in SMB financing focus, though with an established Nordic footprint and broader product portfolio.
- Ikano Bank: IKEA-owned Nordic bank offering consumer and small business loans, savings, and credit cards. Comparable to Aprila in targeting retail and SMB lending customers in the Nordics, with a broader product portfolio and established parent brand.
Direct peers
- Komplett Bank: Norwegian digital bank offering personal and small business loans and savings products. Directly comparable to Aprila as a domestically licensed, digital-first competitor targeting Norwegian retail and SMB customers with a similar product suite and distribution model.
- BRAbank (formerly yA Bank): Norwegian digital bank offering consumer loans, savings, and small business products. Comparable to Aprila in target customer segments, product range, and digital distribution approach within Norway.
- Instabank: Norwegian digital challenger bank offering consumer and small business loans, savings, and payments. Comparable to Aprila in its digital-first, low-branch model and overlapping product set within the Norwegian market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Aprila Bank social profiles
Digital presenceAprila Bank compliance and trust
Trust signalCompliance3 records
Aprila Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Aprila Bank leadership team
Management profileNumber of profiles
Profiles14 records
Aprila Bank funding detail
Funding detailFunding overview
Funding rounds5 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Aprila Bank 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 Aprila Bank
What does Aprila Bank do?
Aprila Bank is a Norwegian digital business bank that provides fast, collateral-free financing (kassekreditt/revolving credit and nedbetalingslån/installment loans) of up to NOK 25 million to small and medium-sized enterprises, with automated 60-second credit decisions via BankID and same/next-day fund disbursement. The bank also accepts personal savings deposits (currently closed to new customers) as a funding source for its SMB lending operations.
Is Aprila Bank a public or private company?
Aprila Bank is a public company. It is classified as public and is currently operating.
When was Aprila Bank founded?
Aprila Bank was founded in 2018. It employs 11 to 50 people.
Where is Aprila Bank based?
Aprila Bank is headquartered in Oslo, Norway, in the Europe region.
How does Aprila Bank make money?
Three revenue lines are on record. Interest income on loans are the primary driver. The others are monthly account fees and personal savings deposits.
Who are Aprila Bank's main competitors?
Emerging players on record are Capitalbox and Northmill Bank. Broad incumbents are SpareBank 1 SR-Bank, DNB Bank, Svea Bank, Resurs Bank and Ikano Bank. Direct peers are Komplett Bank, BRAbank (formerly yA Bank) and Instabank.
Does Aprila Bank have an API?
No public API is recorded for Aprila Bank.