PayEx
PayEx is a Nordic financial services company founded in 1972 that provides invoicing, factoring, retail financing, and debt collection services to businesses across Sweden, Norway, Denmark, and Finland via country-specific entities, regulated offices, and self-service portals.
- Company typePrivate
- Founded1972
- HeadquartersVisby, Sweden
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What PayEx does
PayEx is a Nordic financial services company founded in 1972 on Gotland, Sweden, and headquartered in Stockholm. The company provides invoicing, factoring, retail financing (split payments and subscriptions), and regulatorily authorized debt collection services to businesses of varying sizes across Sweden, Norway, Denmark, and Finland, operating through country-specific legal entities (PayEx Sverige AB, PayEx Norge AS, PayEx Danmark A/S, PayEx Suomi Oy) and approximately 350 employees. Its core technology is a ledger and accounts-receivable management platform, augmented by sub-products including Medipay (healthcare payments, with existing traction in Norway) and IMPERIUM (a blockchain-based revolving export-backed digital currency tied to commodity-export smart contracts).
PayEx generates revenue primarily through transaction-based fees across its four service lines: invoice processing and management fees, factoring fees on working capital advanced against receivables, debt collection fees on recovered amounts, and retail financing fees from split-payment and subscription arrangements. The go-to-market is sales-led and B2B, combining country-specific localized websites and self-service digital portals for SMB and self-serve customers with direct regional sales offices in each Nordic market for mid-market and enterprise accounts. Debt collection and financial operations are conducted under authorizations from Finansinspektionen (Sweden), the Financial Supervisory Authority of Norway, and the Finnish Supervisory Agency, providing a multi-jurisdictional regulatory moat.
PayEx has been a wholly-owned subsidiary of Swedbank Group since 2017, but its strategic posture is in transition. In 2026, Swedbank announced plans to divest PayEx under its Swedbank 15/27 cost-savings program, and in April 2026, Mimir Group acquired PayEx's payments platform to launch a new Nordic fintech called Everspring Solutions, with PayEx retaining a significant minority stake. The Mimir transaction brought in Nelson Walden, formerly of Visa, as CEO of the new entity and positioned Medipay for broader Nordic expansion. IMPERIUM's digital currency initiative was announced in March 2026 following patent registration, representing a separate new product line within the PayEx corporate umbrella.
PayEx firmographics
Firmographics- Name
- PayEx
- Legal name
- PayEx Sverige AB
- Website
- https://payex.com
- Company type
- Private
- Founded year
- 1972
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- PayEx is a Nordic financial services company founded in 1972 that provides invoicing, factoring, retail financing, and debt collection services to businesses across Sweden, Norway, Denmark, and Finland via country-specific entities, regulated offices, and self-service portals.
- Ownership category
- akta.pro rank
PayEx industry classification
Industry- Product category
- Receivables and Factoring Services
- NAICS
- Sales Financing (52222), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Services-Consumer Credit Reporting, Collection Agencies (7320), Personal Credit Institutions (6141)
- akta.pro primary industry
- Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)
- akta.pro secondary industries
- Bank Bill Pay (Consumer & Small Business) (FSAMAJAC), Healthcare Payouts (Payers-to-Providers, Patient Refunds) (FSAMAKAK)
Keywords
Where PayEx is headquartered
LocationHeadquarters
- HQ city
- Visby
- HQ country
- Sweden
- HQ region
- Europe
Offices5 records
Markets served
PayEx business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Invoice Services: Revenue generated from invoice processing and management services provided to Nordic businesses. PayEx handles all aspects of the invoicing process.
- Factoring Services: Liquidity enhancement services where PayEx provides working capital against accounts receivable, generating fees for the service.
- Debt Collection Services: Debt collection and monitoring services conducted with authorization from financial regulators in each Nordic country. Generates collection fees from recovered debts.
- Retail Financing: Sales financing and retail payment solutions including split payments and subscriptions for end customers.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
PayEx product offering
Product offeringCore offering
PayEx provides invoice services, factoring, and debt collection to Nordic businesses across Sweden, Norway, Denmark, and Finland. Its PayEx Ledger & Financing offering spans the full accounts receivable lifecycle—issuance, financing, retail split-payment/subscription solutions, and authorized debt collection. The company also operates Medipay (healthcare payments) and the IMPERIUM blockchain-based digital currency initiative.
Product overview
PayEx is a Nordic financial services company operating as a platform-plus-modules architecture. The core PayEx Ledger & Financing offering comprises invoicing, factoring, retail financing, and debt collection services across Sweden, Norway, Denmark, and Finland. Sub-products include Medipay (healthcare payments) and IMPERIUM (blockchain-based digital currency). The company was acquired by Mimir Group in April 2026, with the payments platform spun off as Everspring Solutions while PayEx retains a minority stake. Founded in 1972 and part of Swedbank Group since 2017, PayEx serves approximately 350 employees across four Nordic countries.
Differentiator
Problem solved
Functional benefit
Brands
- Medipay: Healthcare payment solution with strong traction in Norway, part of the PayEx platform acquired by Mimir Group for Everspring Solutions
- IMPERIUM
Products and services
- Invoicing Expert invoicing services covering all aspects of the invoicing process for businesses of any size across the Nordic region, enabling companies to get paid faster.
- Factoring
- Retail Financing
- Accounts Receivable Management
- Debt Collection Services
- Medipay Healthcare payment solution with strong market traction in Norway, enabling healthcare providers to process patient payments and payment plans across the Nordics.
Quantifiable outcome
- Help businesses get money faster and gain more time to focus on core business
- +2 more outcomes
Companies that use PayEx
Customer profileSegments3 records
Ideal customer profiles3 records
PayEx technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
PayEx partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Mimir GroupcoreInvestment firm Mimir Group acquired a payments platform from PayEx to launch a new Nordic fintech company called Everspring Solutions. The transaction is structured as a long-term partnership where PayEx retains a significant minority stake while Mimir holds majority ownership. The new entity aims to expand PayEx's existing services including the Medipay healthcare payment solution across the Nordics, with Nelson Walden (former Visa executive) appointed as CEO effective April 1, 2026.
Scale indicators5 records
Recent moves7 records
Expansion highlights5 records
PayEx competitors and assessment
Company assessmentDirect peers
- Intrum: Sweden-headquartered, pan-European debt collection and credit management leader with deep Nordic roots. Directly comparable to PayEx on debt-collection authorizations, ledger and receivables-management services, and Nordic customer base.
- Alektum Group: Nordic-focused credit management and debt collection firm with multi-country presence including Sweden, Norway, Denmark, and Finland. Closely overlaps with PayEx's debt collection and accounts-receivable management footprint and regulatory authorizations.
- Hoist Finance: Swedish-listed specialist in non-performing loans and debt purchasing serving Nordic banks and creditors. Comparable to PayEx through credit-servicing scale, receivables purchasing activity, and Nordic operational footprint.
- Klarna: Swedish BNPL and consumer finance leader offering split payments and merchant financing across the Nordics. Directly comparable to PayEx's retail financing and split-payment products serving Nordic retailers and consumers.
- Resurs Bank: Nordic retail and consumer credit specialist embedded with merchants and retailers. Closely comparable to PayEx's retail financing and BNPL-style offerings for retail businesses and end consumers.
- TF Bank: Mobile-first Nordic bank/credit company offering consumer credit and credit cards across the region. Comparable on Nordic retail and consumer financing, overlapping with PayEx's retail financing book.
- Compello: Norway-based invoice automation and financial workflow software provider serving Nordic and European businesses. Directly comparable to PayEx's invoicing platform and accounts-receivable automation capabilities.
Broad incumbents
- Lowell: Large European credit management services provider covering multiple geographies. Compares to PayEx's debt collection and receivables services at a broader European scale rather than a Nordic-only niche.
- Visma: Large Northern European business software group with accounting, ERP, and invoicing products across the Nordics. Overlaps with PayEx's invoicing and financial workflow platform at a much broader portfolio scale.
- Nordea: Largest Nordic financial institution with consumer credit, corporate financing, factoring, and payment services. Overlaps with PayEx across receivables financing and Nordic payments, but at full-bank scale and not as a focused invoice/debt-collection specialist.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
PayEx social profiles
Digital presencePayEx compliance and trust
Trust signalCompliance4 records
PayEx financial estimates
Financial estimateRevenue estimate
Valuation estimate
PayEx leadership team
Management profileNumber of profiles
Profiles7 records
PayEx subsidiaries and ownership
Company hierarchySubsidiaries5 records
PayEx funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PayEx 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 PayEx
What does PayEx do?
PayEx provides invoice services, factoring, and debt collection to Nordic businesses across Sweden, Norway, Denmark, and Finland. Its PayEx Ledger & Financing offering spans the full accounts receivable lifecycle—issuance, financing, retail split-payment/subscription solutions, and authorized debt collection. The company also operates Medipay (healthcare payments) and the IMPERIUM blockchain-based digital currency initiative.
Is PayEx a public or private company?
PayEx is a private company. It is classified as corporate owned and is currently operating.
When was PayEx founded?
PayEx was founded in 1972. It employs 501 to 1,000 people.
Where is PayEx based?
PayEx is headquartered in Visby, Sweden, in the Europe region.
How does PayEx make money?
Four revenue lines are on record. Invoice Services are the primary driver. The others are factoring Services, debt Collection Services and retail Financing.
Who are PayEx's main competitors?
Direct peers on record are Intrum, Alektum Group, Hoist Finance, Klarna, Resurs Bank, TF Bank and Compello. Broad incumbents are Lowell, Visma and Nordea.
Does PayEx have an API?
No public API is recorded for PayEx.
What industry is PayEx in?
PayEx's product category is Receivables and Factoring Services. Its primary akta.pro industry code is BPAMAFAF, Bill Pay, Invoicing & Payables Platforms, with a secondary code of FSAMAJAC, Bank Bill Pay (Consumer & Small Business). Its NAICS code is 52222 and its SIC code is 7320.