PayEx

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.

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

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

• Invoice management services
• Accounts receivable financing
• Retail consumer financing
• Debt collection services
• Commercial factoring services

Headquarters

HQ city

Visby

HQ country

Sweden

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Invoice Services: Revenue generated from invoice processing and management services provided to Nordic businesses. PayEx handles all aspects of the invoicing process.
2. Factoring Services: Liquidity enhancement services where PayEx provides working capital against accounts receivable, generating fees for the service.
3. Debt Collection Services: Debt collection and monitoring services conducted with authorization from financial regulators in each Nordic country. Generates collection fees from recovered debts.
4. 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

Core 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

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Mimir GroupcoreStrategic or Co-development Partner · 9 April 2026Investment 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

Direct 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

• Xx.com/payex_cc
• Facebookfacebook.com/timeline
• LinkedInlinkedin.com/company/payex

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries5 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 PayEx