What Facit Bank does

Facit Bank A/S is a Danish digital nichebank that opened in December 2019 and operates exclusively online with no physical branches, headquartered in Østre Stationsvej 1, 5000 Odense, Denmark. The bank holds a full Danish banking license from Finanstilsynet (FT-nr. 28003) and an insurance mediation license, with retail deposits covered by Garantiformuen up to 745,000 DKK per depositor. As of 2025 it serves approximately 48,200 customers across Denmark, Sweden, and Norway through a Netbank/Mobilbank platform integrated with MitID for identity verification, e-SKAT for tax data retrieval, and PSD2 (Bankdata) for bank-account data access during credit decisions.

The product portfolio is focused on two core verticals: consumer lending (Forbrugslån personal loans from 10,000 to 300,000 DKK and Samlelån debt-consolidation loans up to 350,000 DKK, priced at variable debtor rates of 6.93%–16.35% depending on creditworthiness) and retail savings (Plusrente accounts ranging from 1.30% variable to 2.00% fixed for 24-month binding periods). Adjacent offerings include Pantebreve property-backed loans, plus insurance intermediation through partnerships with ADIS (payment protection, AUD+ and KSD products covering up to 300,000 DKK of loan balance) and Købstædernes Forsikring (property and contents insurance reviews). Loan servicing runs on automatic Betalingsservice (NETS) direct-debit rails with a 29 DKK monthly administration fee.

The business model is a classic digital-bank net-interest-margin play: attract low-cost retail deposits, lend them out at materially higher variable rates, and earn the spread. In 2025 net interest and fee income grew 40% to 180.5 million DKK on a 2.6 billion DKK deposit base and a 2.0 billion DKK loan book, with the net interest margin expanding from 10.7% to 12.5%. The bank achieved its first annual profit after tax (207,000 DKK) in 2025, its sixth year of operation, and is wholly owned by businessman Niels Thorborg, who has announced a planned capital injection in spring 2026 to support continued growth.

Name

Facit Bank

Legal name

Facit Bank A/S

Website

https://facitbank.dk

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Facit Bank is a Danish digital nichebank serving roughly 48,200 retail customers across Denmark, Sweden, and Norway with online savings accounts (up to 2.00%), consumer and debt-consolidation loans, and insurance intermediation, operating entirely branchless under a Finanstilsynet banking license.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (522180), Depository Credit Intermediation (5221)

SIC

Savings Institutions, Not Federally Chartered (6036)

akta.pro primary industry

Direct-to-Consumer (D2C) Personal Lending Platforms (Unsecured Installment) (FSAKAAAK)

akta.pro secondary industry

Large Purchase & Lifestyle Personal Loans (Unsecured Installment) (FSAKAAAG)

Keywords

• Digital banking
• Consumer lending
• Savings accounts
• Debt consolidation
• Online bank

Headquarters

HQ city

Odense

HQ country

Denmark

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Loans: Primary revenue stream from interest charged on consumer loans and debt consolidation loans. The bank earned 213 million DKK in interest income in 2025, representing significant growth. Variable debtor rates range from 6.93% to 16.35% depending on creditworthiness assessment.
2. Interest Margin on Savings: The bank attracts deposits with competitive savings rates and earns the spread between lending and deposit rates. Net interest and fee income grew 40% to 180.5 million DKK in 2025.
3. Fee Income: Various fees including administration fees (29 DKK per payment via Betalingsservice), loan establishment fees (4% of credit amount), and penalty interest on overdue payments. Fee income contributes to the 40% growth in net interest and fee income.
4. Insurance Commission: The bank receives commission from insurance products sold through the bank, including ADIS payment protection insurance and Købstædernes Forsikring home/contents insurance.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Facit Bank is a digital Scandinavian nichebank that provides consumer loans (forbrugslån), debt consolidation loans (samlelån), tiered savings accounts (Plusrente variable and fixed-rate products), and property-backed loans (pantebreve). All products are offered through a fully online banking platform with no physical branches, accessible to retail customers across Denmark, Sweden, and Norway.

Product overview

Facit Bank is a digital Scandinavian nichebank operating as a pure online bank with no physical branches. The company offers a focused product portfolio centered on savings products (Plusrente accounts with various binding periods and interest structures), consumer lending (Forbrugslån personal loans and Samlelån consolidation loans up to 350,000 DKK), and supplementary insurance products through partnerships. The core offering combines high-interest savings accounts with flexible lending solutions, allowing customers to consolidate existing loans, finance personal needs, or access property-backed mortgage loans (Pantebreve). Insurance products are distributed through ADIS (payment protection) and Købstædernes Forsikring (property insurance) partnerships. All services are accessible through the digital Netbank/Mobilbank platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Samlelån (Debt Consolidation Loan) Allows customers to consolidate multiple existing loans into a single loan with potentially lower interest rates, resulting in lower monthly payments and improved financial overview. Available up to 350,000 DKK for retail customers in Denmark, Sweden, and Norway.
• Forbrugslån (Consumer Loan) Unsecured personal loans for individual purposes such as travel, electronics, or home renovation. Available from 10,000 to 300,000 DKK with flexible terms and no requirement to disclose the loan purpose. Interest rates variable from 6.93% to 16.35% APR based on credit assessment.
• Plusrente Savings Accounts Tiered savings product family including variable-rate accounts (Plusrente Fri Variabel at 1.35%, Plusrente Max Variabel at 1.30%-1.60%) and fixed-rate accounts with binding periods (Plusrente Fast 6 at 1.55%, Fast 12 at 1.75%, Fast 18 at 1.95%, Fast 24 at 2.00%). Maximum deposit 745,000 DKK with full Garantiformuen coverage.
• Pantebreve (Property-backed Loans) Property-backed loans for financing real estate purchases or utilizing home equity (secondary loans) with security in the property. Typically used for primary residences, owner-occupied apartments, and holiday homes.
• Netbank/Mobilbank (Digital Banking Platform) Full-featured digital banking platform accessible via web (Netbank) and mobile (Mobilbank) enabling customers to manage accounts, transfer funds, view statements, manage loans, and access all banking services online without physical branches.

Quantifiable outcome

• Net interest and fee income increased 40% to 180.5 million DKK in 2025
• +3 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability3 records

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Købstædernes ForsikringcoreChannel Partner/ Reseller/ Distributor · 1 January 2023Partnership established in summer 2023 allows Facit Bank to offer customers complimentary insurance reviews for property and contents insurance (car, home inventory). Købstædernes Forsikring is Denmark's oldest insurance company, customer-owned, known for high customer satisfaction.
• ADIScoreChannel Partner/ Reseller/ Distributor · 1 December 2022Facit Bank partners with ADIS to offer payment protection insurance products (AUD+ and KSD) to loan customers. AUD+ covers monthly payments for up to 12 months in case of unemployment, sickness, or critical illness, and pays off remaining loan up to 300,000 DKK upon death or critical illness. KSD provides coverage for critical illness and death with loan payoff up to 300,000 DKK.
• NETS (Betalingsservice)coreTechnology or IntegrationNETS provides Betalingsservice payment infrastructure enabling automatic recurring payments for loan installments. Customers can set up automatic payments through Betalingsservice with 29 DKK administration fee per collection.
• EjendomskreditforeningenminorOthersFacit Bank is a member of the property credit association, participating in general meetings and industry events to stay updated on latest developments in the mortgage bond market.

Scale indicators11 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Santander Consumer Bank (Nordics): Subsidiary of a global bank providing consumer finance and personal loans across the Nordics. Competes head-on with Facit's forbrugslån and samlelån products at greater scale.
• Spar Nord: Established Danish regional bank with growing digital channels and consumer lending. Competitor for Scandinavian consumer deposits and personal loans, though with full branch and product breadth.
• Nordnet Bank: Larger Nordic brokerage and savings bank with broad investment, savings, and lending products. Overlaps with Facit's Scandinavian digital savings audience but operates at greater scale and product breadth.
• Jyske Bank: Major Danish universal bank with retail, mortgage, and wealth offerings. Sets the competitive benchmark for savings rates and consumer credit pricing that Facit must match.

Direct peers

• Kompanion Bank: Small Danish nichebank offering consumer loans and savings products online. Mirrors Facit's narrow product focus and digital-only distribution within the Danish market.
• Resurs Bank: Nordic consumer finance provider (part of Resurs Holding) offering retail finance, personal loans, and credit cards. Comparable unsecured consumer credit business across Scandinavia.
• Nordax Bank (NOBA): Swedish-headquartered specialist consumer lender under NOBA Group offering unsecured personal loans across the Nordics. Comparable Scandinavian D2C lending franchise.
• Bank Norwegian: Scandinavian digital bank (now under NOBA) focused on unsecured personal loans, credit cards, and savings in Norway/Denmark/Sweden/Finland. Directly overlaps Facit's D2C consumer lending and savings proposition.
• Lunar: Danish digital-first bank offering consumer accounts, lending, and payments via mobile app. Closest direct peer to Facit Bank in terms of geography, online-only model, and retail focus.
• EnterCard (SEB Kort): Scandinavian credit-card and consumer finance joint venture between SEB and Swedbank. Overlaps with Facit's unsecured retail credit positioning in the Nordics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/facit-bank

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Facit Bank