What Norne Securities does

Norne Securities AS is a privately held Norwegian full-service securities firm headquartered in Bergen, founded in 2008 and operating under Finanstilsynet supervision as a member of Oslo Børs. The firm serves three distinct customer segments: retail individual investors trading on a self-service basis, professional/institutional investors requiring custody and advisory services, and corporate/institutional clients consuming investment banking services including financing & restructuring, market making, Norne Project Finance, and debt & portfolio management. A specialized fourth segment trades unlisted (OTC) shares and equity certificates (egenkapitalbevis) in Norwegian savings banks and insurance companies not listed on regulated exchanges.

The core product stack spans four pillars: (1) stock trading (Aksjehandel) on Oslo Børs and international venues with real-time quotes and broker-assisted options; (2) a fund platform distributing both proprietary funds (Norne Aksje, Norne Rente) and third-party funds (KLP AksjeVerden Indeks, FAM Global EWX), structured through Norwegian tax-advantaged wrappers including Aksjesparekonto (ASK) and Individuell Pensjonssparing (IPS); (3) unlisted securities intermediation; and (4) investment banking mandates including rights issues (e.g., EAM Solar AS preferential emission managed in June–July 2026). The underlying technology is a proprietary web-based trading and fund platform (portal.norne.no and spare.norne.no) built on ProBroker infrastructure, integrated with BankID for authentication and VPS Euronext Securities Oslo for depository functions. Market analysis is delivered through Norne Daily, monthly commentaries, and stock recommendation publications.

The business model combines transaction-based revenue (brokerage commissions starting at 49 NOK per trade for high-volume customers and 95 NOK base; 0.30% on unlisted and phone trades), recurring revenue (depot/custody fees, fund distribution fees, and ~1.40% blended annual cost on fund AUM), and episodic professional services revenue from investment banking mandates. Distribution runs through both direct digital self-service channels and an affiliated-agent (tilknyttede agenter) network that embeds Norne's services into regional Norwegian savings bank platforms including Sparebanken Sogn & Fjordane, Sparebanken Sør, Haugesund Sparebank, Sparebanken Vest, Frende Forsikring, and Brage Finans. The firm holds Miljøfyrtårn environmental certification (since November 2021) and has signed the Grønnvaskingsplakaten anti-greenwashing pledge (January 2021), positioning sustainability as a brand differentiator in the Norwegian retail market.

Name

Norne Securities

Legal name

Norne Securities AS

Website

https://norne.no

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

Norne Securities AS is a Norwegian full-service securities firm offering stock trading, fund distribution, investment banking, and unlisted securities intermediation to retail, professional, and corporate clients across Norway through its digital portal and affiliated regional savings bank network.

Ownership category

akta.pro rank

Headquarters

HQ city

Bergen

HQ country

Norway

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Stock Trading Commissions: Kurtasje (trading commission) charged on stock trades. Base customers pay minimum 95 NOK or 0.05% per trade. Bonus customers (trading >20 times/month) pay minimum 49 NOK or 0.05%. Phone trading costs minimum 350 NOK or 0.30%.
2. Fund Distribution Fees: Distribution of external fund managers' products. Revenue comes from fund management fees and depot fees passed through from fund providers. Depot fees cover custody, platform services, customer service, tax reporting, and platform development.
3. Unlisted Securities Trading: Trading commissions for unlisted shares and equity certificates (egenkapitalbevis) not listed on exchange. Fee: 0.30% minimum 350 NOK per transaction.
4. Investment Banking Services: Services including financing & restructuring, market making, project finance, and debt & portfolio management offered to institutional clients.
5. Depot/Custody Fees: Annual VPS account fees and depot fees charged for securities custody, administration, and account services.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

Norne Securities is a Norwegian full-service securities firm offering retail stock trading on Oslo Børs and international markets, fund savings and distribution through proprietary and third-party funds, trading in unlisted shares and equity certificates, and corporate investment banking services including financing, restructuring, market making, project finance, and debt/portfolio management. Customers access the platform digitally via a proprietary web portal using BankID authentication, with distribution also provided through a network of affiliated regional savings banks across Norway.

Product overview

Norne Securities is a Norwegian financial services company offering a comprehensive platform combining stock trading, fund management, and investment banking services. The core offering centers on Aksjehandel (stock trading) with access to Oslo Børs and unlisted securities, supported by a complete fund platform featuring Norne's proprietary funds (Norne Aksje, Norne Rente), third-party funds including KLP AksjeVerden Indeks, and specialized accounts like Aksjesparekonto (ASK) and IPS pension savings. Investment Banking services encompass market making, project finance, and debt/portfolio management. The platform is supplemented by market analysis tools including Norne Daily, monthly commentaries, stock recommendations, and dividend stock analysis. The company facilitates preferential emissions (fortrinnsrettsemisjon) for listed companies and offers unlisted shares and equity certificates (egenkapitalbevis) in Norwegian savings banks. Access is primarily digital via spare.norne.no portal with ProBroker technology, complemented by BankID authentication and phone trading support.

Differentiator

Problem solved

Functional benefit

Products and services

• Aksjehandel (Stock Trading) Stock trading service enabling customers to buy and sell shares on Oslo Børs and other exchanges, with real-time quotes, phone trading, and OTC trading options. Includes tiered pricing for retail customers based on monthly trading volume.
• Fond (Funds) Fund saving and management platform offering Norne's proprietary funds (Norne Aksje, Norne Rente, FAM Global EWX) and third-party funds (e.g., KLP AksjeVerden Indeks) covering equity, combination, and bond funds with various ESG ratings. Fund gifts available for celebrations.
• Aksjesparekonto (ASK) Tax-advantaged investment savings account allowing tax-deferred growth where investors only pay tax when withdrawing funds. Can receive fund gifts from family and friends.
• IPS - Individuell Pensjonssparing (Individual Pension Savings) Individual pension savings product for long-term retirement planning with tax advantages, offered through Norne's fund platform.
• Investment Banking Corporate finance services for institutional and corporate clients encompassing financing and restructuring, market making, project finance (Norne Project Finance), and debt and portfolio management.
• Unoterte Aksjer og Egenkapitalbevis (Unlisted Securities) Trading service for unlisted shares and equity certificates (egenkapitalbevis) in Norwegian savings banks and insurance companies not listed on regulated markets, including Cultura Sparebank, Hegra Sparebank, Ly Forsikring, and other unlisted securities.
• Fortrinnsrettsemisjon (Preferential Emissions / Rights Issues) Rights issue and capital increase services for listed companies, managing subscription periods, share registration with VPS Euronext Securities Oslo, and customer onboarding for preferential emissions.

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Partnerships

Six partnerships are on record, tiered core and minor.

• External Fund ManagerscoreChannel Partner/ Reseller/ DistributorNorne distributes funds managed by external fund managers. Fund providers are responsible for sanctions compliance regarding which securities can be bought, sold, or held in each fund. Norne maintains ongoing dialogue with fund managers to ensure fund offerings comply with applicable sanctions.
• Sparebanken Sogn & FjordaneminorChannel Partner/ Reseller/ DistributorRegional savings bank offering Norne Securities trading services to its customers through partnership agreement.
• Sparebanken SørminorChannel Partner/ Reseller/ DistributorRegional savings bank offering Norne Securities trading services to its customers through partnership agreement.
• Haugesund SparebankminorChannel Partner/ Reseller/ DistributorRegional savings bank offering Norne Securities trading services to its customers through partnership agreement.
• UN Climate Change Learning PartnershipminorStrategic or Co-development PartnerAll Norne employees in customer positions completed UN Climate Change Learning Partnership's e-learning program for sustainable finance.
• Grønnvaskingsplakaten (Anti-Greenwashing Initiative)minorStrategic or Co-development PartnerNorne signed the anti-greenwashing pledge in January 2021, an initiative to combat greenwashing as a marketing tactic.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• DNB Markets: Markets and investment banking arm of Norway's largest financial group; offers brokerage, research, ECM, DCM and project finance. Represents the domestic incumbent benchmark in scale and product breadth.
• SEB (Skandinaviska Enskilda Banken): Major Nordic universal bank with full brokerage, ECM/DCM, equity research and asset management. Overlaps with Norne on retail brokerage, funds and IB mandates in the Norwegian market.
• ABG Sundal Collier: Larger Nordic investment bank with full-service brokerage, ECM/DCM, research and M&A advisory. Overlaps with Norne's IB and brokerage capabilities at greater scale and broader Nordic coverage.
• Saxo Bank: Multi-asset Nordic-rooted broker offering equities, funds, ETFs and IB services with cross-border digital onboarding. Comparable on multi-product securities platform and trading-architecture thinking.
• Handelsbanken Norway: Branch-based Nordic bank with capital markets, asset management and securities services in Norway. Adjacent incumbent with comparable investment and savings-product distribution to Norwegian retail clients.

Direct peers

• Pareto Securities: Norwegian-headquartered investment bank and securities firm offering equity research, brokerage, ECM/DCM, project finance and market making across the Nordics. Most direct comparable in size and product mix to Norne's IB-led securities offering.
• Nordnet: Leading Nordic digital broker and fund platform with a large Norwegian retail customer base. Directly comparable on retail stock trading, fund savings and self-serve onboarding flows.
• Arctic Securities: Norwegian investment bank focused on equity sales/trading, research, ECM and corporate broking for Nordic mid- and small-cap issuers. Closely comparable specialist Nordic IB profile to Norne.
• Carnegie: Nordic-led full-service investment bank and asset manager covering equities, research, corporate advisory and fund distribution. Comparable on integrated Nordic brokerage, research and IB offering.
• Sparebank 1 Markets: Securities and investment-banking arm of the Sparebank 1 alliance of Norwegian savings banks; offers brokerage, ECM advisory and research to corporate and retail clients across Norway.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/norne
• LinkedInlinkedin.com/company/norne-securities
• Instagraminstagram.com/nornesecurities
• Xtwitter.com/nornesec

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Norne Securities