Modhi Collect

What Modhi Collect does

Modhi Collect (operating under the legal entity KREDINOR AS) is a Norwegian-headquartered debt collection and financial services company that also buys and manages portfolios of past-due loans, credits, and invoices. The firm is registered in Oslo at Sjølyst plass 3 (Org.nr. 927 901 048) and is part of the SpareBank 1 Alliance, leveraging the institutional and brand backing of the Norwegian banking network. The company serves two primary segments: business/corporate clients (B2B) that need to recover outstanding customer debts, and individual consumers (B2C) who have outstanding claims to resolve, with offerings tailored to each segment.

Core products and underlying technology include the firm's flagship inkasso (debt collection) service, the consumer self-service portal Min Side, the corporate self-service platform Kredinor Online, an analytics offering branded Kredinor Innsikt, and educational courses/seminars for business customers. The platform architecture is end-to-end digital, covering the full invoice-to-collection workflow and supporting automated payment follow-up across consumer and corporate channels. The company has deployed AI at the process-automation layer to improve collection efficiency and free collector capacity, and operates a regulated debt-collection practice under Norwegian autorisasjon. Wholly-owned subsidiaries in Finland, Sweden, and Denmark extend the platform across the four major Nordic markets.

Revenue is generated through two principal streams: transaction fees on debt recovered for business clients (percentage of recovered debt or fixed service fees) and recurring subscription and per-transaction fees for corporate account services that automate the full payment flow. The firm also earns revenue through purchase and management of non-performing loan portfolios, expanding the model from fee-based agency work to balance-sheet portfolio ownership. Public pricing is not disclosed; corporate engagements appear to be quote-based. The company combines direct digital self-service channels (Min Side, Kredinor Online) with direct B2B sales and SpareBank 1 alliance referral flows for go-to-market, supported by content marketing, SEO, and community/education programs targeting both segments.

Name

Modhi Collect

Legal name

KREDINOR AS

Website

https://modhi.no

Company type

Private

Founded year

1900

Operating status

Operating

Headcount range

101–250 employees

Short description

Modhi Collect (legal entity KREDINOR AS) is a Nordic debt collection and financial services firm headquartered in Oslo, operating across Norway, Finland, Sweden, and Denmark. It provides debt recovery services, automated invoicing-to-collection workflows for corporate clients, and self-service portals for individual debtors, and additionally purchases and manages portfolios of past-due loans.

Ownership category

akta.pro rank

Product category

Debt Collection and Accounts Receivable Management

NAICS

Collection Agencies (561440)

SIC

Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro primary industry

Third-Party Collection Agencies (Consumer) (FSAKAJAB)

Keywords

• Debt collection services
• Accounts receivable management
• Payment flow automation
• Corporate collections platform
• Consumer debt advisory

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Debt collection services: Collection of unpaid invoices and outstanding claims on behalf of business clients. Fees are typically charged as a percentage of recovered debt or as fixed service fees.
2. Corporate account services: Automated payment flow management from invoice to follow-up and collection. Revenue generated through service subscriptions and per-transaction fees for businesses.

Distribution channels3 records

Marketing channels6 records

Core offering

Modhi Collect (operating as Kredinor AS) provides outsourced debt collection and accounts receivable management services for businesses, covering the full payment flow from invoice issuance to follow-up and final collection settlement. For businesses, the company offers automated digital collection pipelines and dedicated online account management. For individual consumers, it provides self-service portals, payment guidance, and information resources to resolve outstanding claims.

Product overview

Kredinor is a debt collection and financial services company offering a unified platform for accounts receivable management. The core offering includes debt collection services (inkasso) with automated workflows, supported by customer-facing portals (Min Side) and business platforms (Kredinor Online). Additional services include analytics (Kredinor Innsikt) and educational programs (courses and seminars). The company leverages AI to automate collection processes and improve efficiency.

Differentiator

Problem solved

Functional benefit

Products and services

• Inkasso (Debt Collection) Core debt collection service covering the full follow-up of unpaid invoices from due date to settlement, offered to both businesses needing to recover outstanding customer debts and individual consumers receiving collection notices.
• Kredinor Online Online platform for business customers to manage debt collection cases and automate end-to-end payment flows from invoice to follow-up and collection, including corporate onboarding via the 'Bli bedriftskunde' pathway.
• Min Side (My Page) Customer self-service portal allowing individual debtors to log in, check the status of their payment/collection case, and manage their accounts and outstanding obligations.

Quantifiable outcome

• Improves payment follow-up efficiency for businesses by automating the full invoice-to-collection workflow

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature2 records

Partnerships

One partnership is on record.

• SpareBank 1 AlliancecoreStrategic or Co-development PartnerKredinor is an entity within the SpareBank 1 alliance (et foretak i SpareBank 1-alliansen). The partnership provides institutional backing, brand association with a trusted Norwegian banking group, and cross-referral opportunities. Kredinor Group operates the broader Nordic entity while SpareBank 1 provides the alliance framework.

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Hoist Finance AB: Swedish-headquartered debt purchaser and servicer with operations across the Nordics and Europe. Closely comparable business model combining debt portfolio acquisition with servicing, and competes with Kredinor for both creditors and distressed-portfolio opportunities in the Nordic region.
• EOS Nordic (EOS Group): Part of the German EOS Group, EOS Nordic provides debt collection services across Denmark, Sweden, Norway, and Finland. Competes for the same B2B creditor mandates and uses similar digital self-service portals.
• B2 Holding ASA: Norwegian-headquartered debt collection and debt purchasing group operating across the Nordics and Europe. Directly comparable as a Nordic-focused multi-country collection agency with both third-party collections and purchased-portfolio activities.
• Lowell AS (Nordic): European credit management group with strong Nordic operations (Norway, Sweden, Finland, Denmark). Directly competes in third-party debt collection across the same geographies and customer segments as Kredinor.
• Intrum AB: Largest debt collection and credit management company in the Nordics and Europe, operating across the same four Nordic markets as Kredinor. Direct competitor for enterprise B2B collection mandates with similar end-to-end digital platform positioning.

Emerging players

• Ageras (fintech): Nordic-headquartered fintech platform for SMB financial services including invoicing and receivables management. An emerging competitor bringing digital-native tooling to the same Nordic SMB segment Kredinor serves with Kredinor Online.

Broad incumbents

• PRA Group: Global leader in debt purchasing and non-performing loan management with European operations. Comparable business model in purchased-portfolio servicing and collection, though at much larger scale and broader geographic footprint than Kredinor.
• Encore Capital Group: Global specialty finance company focused on debt recovery and purchasing through subsidiaries including Cabot Credit Management in Europe. Comparable in debt purchase and collection but at materially larger scale.

Regional players

• Aktiebolaget Kredit (Sweden): Swedish debt collection agency offering B2B and B2C services in Sweden. Comparable in product offering and target customer segments but primarily a single-country player competing with Kredinor Sweden.
• Kredithandtering A/S (DK): Danish debt collection agency serving primarily the Danish market. Comparable as a third-party collection agency but primarily single-country, competing with Kredinor Denmark.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 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 Modhi Collect