What Svea Ekonomi does

Svea Bank AB (formerly Svea Ekonomi) is a privately held, licensed Nordic fintech bank headquartered in Solna, Sweden, founded in 1981 and operating across more than 15 European countries with 1,001–5,000 employees. The company provides an integrated stack of business and consumer financial services spanning four pillars: corporate and consumer banking (accounts, payments, savings accounts, credit cards), financing (factoring in full-service, selective, ultimo, and disclosed variants, invoice purchasing, business loans, real estate and inventory credit, leasing), payments (Svea Checkout for omnichannel e-commerce, Instore Pay and Scan & Pay in retail, sales financing), and debt collection plus enterprise billing and subscription management. Distribution combines direct digital channels (country-localized websites, mypages.svea.com self-service) with deep ERP/accounting integrations (PowerOffice Go, Visma Business, SAP, Unimicro, Fortnox, Tripletex, Xledger) and industry-vertical software partnerships (Opus/Oris Dental, Provet), plus a flagship referral partnership with DNB in Norway and direct enterprise sales in the energy sector.

Underlying the product set is a proprietary technology platform — including 100+ API endpoints on the Billing product, embedded middleware for ERP checkout flows, and white-label BaaS infrastructure — that allows Svea to monetize the same banking and receivables capabilities through direct customer acquisition, channel partners, and embedded/white-label distribution. The company is regulated as a bank in Sweden (entity Svea Bank AB, org.nr 556158-7634), with regulated subsidiaries Svea Bank AS in Norway and Svea Finans AG in Switzerland; additional group operations exist in the Netherlands, Belgium, Germany, Austria, Denmark, Finland, and Estonia. Significant historical transactions include the 2012 acquisition of Payson (foundation for the Checkout product) and the 2022 acquisition of AREX Markets' Finnish business operations, which together support a cross-border Nordic product strategy built on inorganic capability acquisition plus organic integration depth.

Name

Svea Ekonomi

Legal name

Svea Bank AB

Website

https://svea.com

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Svea Bank is a privately held, licensed Nordic fintech bank founded in 1981, providing integrated banking, factoring, payments, debt collection, and enterprise billing services to SMEs and consumers across 15+ European countries, with deep ERP-software partnerships.

Ownership category

akta.pro rank

Product category

Commercial & Consumer Banking (Fintech)

NAICS

Sales Financing (52222), Credit Card Issuing (522210), Depository Credit Intermediation (5221), Finance and Insurance (52)

SIC

Short-Term Business Credit Institutions (6153), Personal Credit Institutions (6141), Services-Consumer Credit Reporting, Collection Agencies (7320), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD)

akta.pro secondary industries

SME Lending Platforms & Embedded SME Credit (FSAKAGAJ), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), Embedded Card Issuing & Card-as-a-Service (FSAGALAC)

Keywords

• Business financing
• Invoice factoring
• E-commerce payments
• Debt collection services
• Corporate banking

Headquarters

HQ city

Solna

HQ country

Sweden

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Payment Processing and Transaction Fees: Svea earns transaction fees on payment processing through its checkout and in-store payment solutions. Merchants pay a fee per transaction for card payments, invoice payments, and installment plans. This is a volume-based revenue stream tied to transaction frequency.
2. Factoring and Invoice Financing: Revenue generated from purchasing unpaid invoices at a discount (typically up to 100% of invoice value) and collecting from end customers. Svea earns the spread between the discounted purchase price and the full invoice amount collected. Additional fees for debtor management and credit protection are charged.
3. Lending and Credit Products (Consumer and Business): Interest income from consumer loans (privatlån), mortgages (bolån), business loans, credit cards, and overdraft facilities. Both fixed-rate and variable-rate products are offered. The loan portfolio includes both secured and unsecured credit.
4. Leasing: Equipment and vehicle leasing solutions for businesses generate revenue through leasing installments over contracted periods. The Leasing department is separately listed as a Business Area within Svea Bank.
5. Debt Collection Services: Collection fees charged to creditors (businesses) for recovering outstanding debts. Fees may be structured as a percentage of recovered amounts or flat per-case charges.
6. Billing and Subscription Billing Services: B2B billing infrastructure services for telecom operators, subscription businesses, and IoT service providers. Revenue likely generated through per-invoice fees, monthly platform fees, or per-subscriber charges.
7. Savings Account Interest Spread: Svea offers savings accounts (sparkonto) and fixed-rate accounts (fasträntekonto) to consumers, paying interest on deposits and lending those funds out at higher rates. The spread between lending rates and deposit rates constitutes a revenue stream.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Core offering

Svea Bank is a licensed pan-European fintech bank offering integrated financial services across four pillars: (1) banking (corporate and consumer accounts, cards, international payments, savings); (2) financing (factoring, invoice purchasing, leasing, business loans, real estate and inventory credit, refinancing); (3) payments (Svea Checkout for e-commerce, Instore Pay and Scan & Pay for retail, digital wallets); and (4) debt collection plus enterprise billing/subscription platforms. Customers access services via self-service web/app, dedicated account managers, and embedded integrations inside major Nordic ERP/accounting systems.

Product overview

Svea Bank operates as a pan-European fintech bank offering a broad platform of financial services across Banking, Financing, Payments, and Debt Collection. The core offering consists of a Banking-as-a-Service (BaaS) infrastructure and integrated solutions layer that sits atop multiple product verticals: (1) Corporate banking services including business packages, loans, credit lines, and international payments; (2) A comprehensive financing suite covering invoice purchasing, factoring (Full-Service, Selective, Ultimo, and Disclosed variants with export financing), leasing, real estate credit, inventory financing, and industry-specific growth initiatives (Industrial and Sustainability tracks); (3) Payment solutions spanning e-commerce checkout, in-store (Instore Pay, Scan & Pay), sales financing, and digital wallets (Swish, Apple Pay, Google Pay, Vipps); (4) Enterprise billing and subscription management with over 100 API endpoints for telecom, IoT, and recurring billing; and (5) Debt collection and accounts receivable management. On the consumer side, Svea offers personal loans, mortgages, refinancing, savings accounts, fixed-rate deposits, credit cards, and loan protection. The platform is distributed across Sweden, Norway, Denmark, Finland, the Netherlands, Belgium, Estonia, Germany, Austria, and Switzerland, with deep ERP integrations (PowerOffice Go, Visma Business, SAP, Unimicro, Tripletex, Xledger, Fortnox) and industry-specific software integrations (Oris Dental, Opus Dental, Provet).

Differentiator

Problem solved

Functional benefit

Brands

• Svea Bank: The primary brand for banking, financing, payments, and debt collection services.
• MoneyGo
• Svea Finans

Products and services

• Svea Corporate Banking Services (Företagsbanken) Full-service corporate banking offering business packages (Företagspaket), business loans, credit accounts, business credit cards, savings accounts, international payments, Swish, Apple Pay, Google Pay, and Fortnox integration for SMEs in Sweden.
• Business Credit (Företagskredit) Revolving credit facility providing businesses with flexible access to capital for managing cash flow gaps and financing growth.
• Invoice Purchasing (Fakturaköp) Immediate cash access by selling unpaid invoices, providing businesses with liquidity without waiting for customer payment terms.
• Factoring (Full-Service, Selective, Ultimo, Disclosed, Export) Comprehensive factoring offering across DACH and Nordic markets including full-service, selective, ultimo, undisclosed, and export financing variants. Up to 100% invoice advance, same-day payment for invoices submitted before 10am, 100% credit-risk protection, and integrated debtor management.
• Leasing Equipment and asset leasing solutions for businesses to acquire machinery, vehicles, or other assets while preserving capital; includes financial and operational leasing structures.
• Business Loans (Företagslån) Term loans for businesses providing fixed capital for investments, expansion, or operational needs with structured repayment schedules.
• Real Estate Credit (Fastighetskrediter) Property-backed credit facilities enabling businesses to unlock equity in commercial or residential real estate for business financing purposes.
• Inventory Financing (Lagerfinansiering) Working capital solution that releases cash tied up in inventory, helping businesses manage stock levels without liquidity constraints.
• Industrial Growth Initiative (Drivkraft Industri) Specialized financing program targeting industrial sector businesses, providing tailored funding solutions for manufacturing and production investments.
• Sustainability Growth Initiative (Drivkraft Hållbarhet) Financing program supporting businesses investing in sustainable and green initiatives, providing capital for ESG-aligned projects.
• Svea Checkout (E-commerce Payments) Omnichannel payment solution for online retail supporting invoice, card, installment, Swish, Vipps, Apple Pay, and Google Pay across 8 European markets.
• Instore Pay Mobile in-store payment solution enabling customers to pay via smartphone at physical retail locations, reducing checkout times.
• Scan & Pay Self-checkout payment feature allowing customers to scan items with their phone and pay without queuing at traditional checkout counters.
• Sales Financing (Säljfinansiering) including Vehicle Financing Point-of-sale financing enabling merchants to offer installment and deferred payment options to customers, including specialized vehicle and automotive financing.
• Banking-as-a-Service (BaaS) White-label banking infrastructure enabling partners and platforms to embed Svea's banking products (accounts, payments, lending) into their own offerings via API.
• Cash Credit (Kassekreditt) — Norway Revolving credit line for Norwegian businesses providing flexible access to working capital as needed.
• Contract Financing (Kontraktsfinansiering) — Norway Financing against the value of long-term customer contracts, enabling businesses to receive upfront capital based on contracted revenue streams.
• Portfolio Purchase (Porteføljekjøp) — Norway Purchase of existing receivable portfolios from businesses, providing immediate liquidity by acquiring outstanding invoices or debt.
• Real Estate Financing (Eiendomsfinansiering) — Norway Property financing solutions for Norwegian businesses seeking capital against real estate assets.
• Invoice Distribution (Fakturadistribusjon) — Norway Digital and physical invoice distribution services ensuring invoices reach customers through preferred channels (email, post, e-invoice).
• Payment Follow-up (Betalingsoppfølging) — Norway Professional accounts receivable management and collection follow-up services, including reminder campaigns and customer communication to ensure timely payment.
• Billing Platform (Subscription, Telecom, IoT) Enterprise billing platform handling large volumes of invoices with automated processes, 100+ API endpoints, and support for telecom operators, IoT service providers, and subscription business models; includes rating, provisioning, and real-time data management.
• Debt Collection (Inkasso) — Nordic Debt collection services covering Norwegian, Swedish, and other Nordic markets, including extrajudicial collection, legal proceedings, international debt collection, parking enforcement, and jurisdiction-specific services.
• Purchase of Receivables (Köp av fordringar) Svea purchases outstanding receivables and debt portfolios from businesses, providing immediate cash injection and transferring collection risk.
• Svea Checkout — Norway Norwegian e-commerce payment solution supporting multiple payment methods, installment options, and optimized checkout flows to increase conversion rates.
• Personal Loans (Svealånet) Unsecured personal loans for Swedish consumers, including debt consolidation options. Also offered in Norway as consumer loans and secured loans.
• Mortgage Loans (Bolån) Home mortgage loans for Swedish consumers, including top-up loans and loans for property conversion (ombildning), with published average interest rates.
• Refinancing (Refinansiering) — Norway Debt consolidation and refinancing services for Norwegian consumers combining multiple loans into a single payment with potentially lower interest rates; available with and without collateral and for those with payment remarks.
• Savings Account (Sparkonto) Personal and business savings accounts with competitive interest rates and government deposit protection. Norwegian account advertised at 4.65% p.a., described as one of the market's best rates.
• Fixed-Rate Savings Account (Fasträntekonto) Fixed-term savings deposit accounts offering guaranteed interest rates for the deposit period, providing predictable returns for risk-averse savers.
• Svea Card (Sveakortet) Branded payment card for Svea customers, available as both debit and credit variants, enabling in-store, online, and contactless payments.
• Credit Card (Kreditkort) Credit card products for both corporate and personal customers offering revolving credit with flexible repayment options.
• Loan Protection (Låneskydd) Payment protection insurance covering outstanding loan balances in case of death, disability, or involuntary unemployment.
• Fakturering / Billing (Sweden) Invoice management platform for businesses including digital invoice distribution, accounts receivable management, credit assessment, and integration with accounting systems.
• SME Loans (KMU Darlehen) — DACH Small and medium enterprise loan product in Switzerland and Austria providing up to CHF 100,000 or EUR 100,000 for business growth and investment needs.
• Integrated Solutions (Integrerte løsninger) Suite of embedded financial services integrated directly into third-party ERP, accounting, and industry-specific software platforms (PowerOffice Go, Visma Business, SAP, Unimicro, Fortnox, Tripletex, Xledger, Oris/Opus Dental, Provet) via API.

Quantifiable outcome

• WeSports saw increased conversion rates and significant sales growth after implementing Svea's checkout solution.
• +3 more outcomes

Named customers12 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration16 records

AI capability2 records

Feature6 records

Partnerships

Eight partnerships are on record, tiered core, flagship and minor.

• PowerOffice GocoreTechnology or IntegrationPowerOffice Go is a leading Norwegian accounting platform. Svea provides an integrated financial solution for factoring, invoice administration, and billing directly within PowerOffice Go. Businesses can submit invoices with one click and receive payment the next business day. This is described as the only complete financial solution integrated in PowerOffice Go.
• Visma BusinesscoreTechnology or IntegrationSvea's factoring solution is integrated into Visma Business, allowing users to send invoices to Svea with a single click. Payment is received the next business day without changing work routines. The integration automates invoice management and receivables follow-up within the accounting system.
• SAPcoreTechnology or IntegrationSvea provides integrated debt collection and payment follow-up for SAP users. The solution offers real-time visibility of the entire invoice and payment flow, automated in the existing SAP system. Both older and newest SAP versions are supported.
• DNBflagshipStrategic or Co-development PartnerSvea is a factoring services provider to DNB's business customers in Norway. DNB refers its SME clients to Svea for factoring solutions. Anders Grevstad, Division Director at DNB, described Svea as providing a modern and future-oriented factoring solution offering businesses full overview of outstanding invoices at all times, with good integration with accounting systems.
• Opus Dental / Oris DentalcoreTechnology or IntegrationSvea and Opus Dental developed an integrated payment solution for dental clinics. Patients can pay via card, invoice, or installment plan directly from the dental practice management system. The solution includes credit check, invoice generation, and next-day payment to the clinic. COO of Oris Dental described it as optimizing the patient journey.
• Telenor and TeliacoreChannel Partner/ Reseller/ DistributorSvea's telecom billing platform operates on Telenor and Telia networks for MVNO clients. This allows Svea to offer mobile network connectivity to its billing platform customers who want to launch as telecom operators.
• SpareBank 1 RegnskapminorChannel Partner/ Reseller/ DistributorListed as a partner on Svea's Norwegian integrated solutions page, indicating referral or distribution relationship for accounting firm clients.
• HUI ResearchminorStrategic or Co-development PartnerSvea Bank collaborates with HUI Research on the annual 'Payments in the Nordics' research report series. The report provides insights into Nordic payment habits and is used for thought leadership and marketing.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Collector Bank: Swedish niche bank (under Volati) specializing in factoring, consumer loans, and corporate lending. Overlaps with Svea in factoring, invoice purchasing, and SME credit — a near-direct comparator.
• Resurs Bank: Swedish niche bank offering consumer credit, payment solutions, and factoring to Nordic merchants and consumers. Closely comparable product suite to Svea, including retail financing, credit cards, and embedded payments.
• Klarna: Swedish-founded BNPL and embedded checkout leader serving the same Nordic merchants and consumers as Svea Checkout. Directly competes in e-commerce payment methods, installment plans, and merchant acquiring across the Nordics and broader Europe.
• Nordax Bank: Stockholm-based niche bank focused on consumer lending across the Nordics, Germany, and the UK. Comparable to Svea in the personal-loan, refinancing, and credit-card verticals.
• Bank Norwegian (Entercard Group): Norwegian consumer credit and credit card issuer with deposits and personal loans. Competes directly with Svea in Norwegian consumer credit, refinancing, and the Sveakortet-style card product.
• TF Bank: Swedish-licensed niche bank operating in the Nordics and DACH with consumer lending, savings, and e-commerce/BNPL. Competes with Svea in cross-border consumer credit and retail financing.

Emerging players

• Tink (Visa): Visa-owned open-banking platform with Nordic roots, providing account aggregation, payment initiation, and risk insights. Adjacent to Svea's API and embedded-finance BaaS offering.

Broad incumbents

• Trustly: Swedish-founded account-to-account payment network operating across Europe and the US. A broad Nordic payments incumbent whose rail competes with Svea Checkout and embedded payments.
• Nets (Nexi Group): Large Nordic and European payment processor and acquirer under Nexi. Provides card acquiring, e-commerce, and account-based payments overlapping with Svea's checkout and merchant payment services.

Regional players

• Bambora (Worldline): Nordic-originated payment processor (now part of Worldline) offering card acquiring and e-commerce checkout. Competes with Svea Checkout in the Nordics across similar merchant segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/svea.norge
• LinkedInlinkedin.com/company/svea-bank
• Instagraminstagram.com/svea_no
• Xx.com/sveaekonomi

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments15 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Svea Ekonomi