Norra Finans Sverige AB

What Norra Finans Sverige AB does

Norra Finans Sverige AB is a privately-held Nordic factoring and invoice-financing company founded in 2015 in Haparanda, Sweden, and operating through wholly-owned subsidiaries Norra Finans Oy (Finland) and Norra Finans Inkasso AB (debt collection). The company purchases and finances business-to-business invoices — primarily for small and medium enterprises with annual turnovers roughly between EUR 50,000 and EUR 100 million — converting receivables into immediate working capital across customers in construction, electrical and telecommunications, automotive and retail, and film and media production. Core products are invoice factoring (Laskurahoitus), invoice purchasing (Laskujen Osto), debt collection (Perintäpalvelut), and extended payment terms (Maksuaikojen Pidennys), with corporate loans offered as a complementary facility.

Revenue is generated almost entirely through per-invoice transaction fees with no start-up or monthly fees, and the company emphasizes a pay-as-you-go model with onboarding completable in as little as one business day. Distribution is direct B2B, combining field-sales teams in Sweden and Finland (with named relationship managers in both countries), inside sales via phone, email, and a Upsales-powered online meeting-booking tool, and a partially self-service online channel for end-customers (debtors) applying for extended payment terms through Scrive. Marketing is content-led (multilingual blog, SEO, newsletters) supplemented by native/sponsored articles in regional Nordic outlets.

The technology layer is a next-generation cloud-based factoring platform launched in 2024 that delivers real-time invoice management, automated settlement reporting, a customer portal, a debtor-facing end-customer portal, and API-based automation integrated with 13+ major Nordic ERP systems including Fortnox, the full Visma suite, Microsoft Business Central and Dynamics Navision, E-conomic, Tripletex, Power Office GO, BL Administration, and Uniconta. The group reports monthly funded volume above 100 million EUR (over 1 billion SEK), consolidated revenue of approximately 325 million SEK, and approximately 65-70 employees across offices in Haparanda, Luleå, Stockholm, Helsinki, Vaasa, and Tampere, with stated three-year targets of 700 million SEK in revenue and approximately 100 employees.

Name

Norra Finans Sverige AB

Legal name

Norra Finans Sverige AB

Website

https://norrafinans.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Norra Finans Sverige AB is a private Swedish-founded factoring and invoice-financing company serving small and medium enterprises across Sweden and Finland through a cloud-based platform with pre-built Nordic ERP integrations and direct bilingual field sales, with disclosed revenue of approximately 325 million SEK.

Ownership category

akta.pro rank

Product category

Invoice Factoring

NAICS

Credit Intermediation and Related Activities (522)

SIC

Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Microloans & Working Capital Loans (FSAKAGAA)

akta.pro secondary industry

Small-Dollar Short-Term Installment Loans (Non-payday) (FSAKAMAI)

Keywords

• Invoice factoring services
• Working capital financing
• Debt collection services
• Invoice purchasing solutions
• SME financing services

Headquarters

HQ city

Haparanda

HQ country

Sweden

HQ region

Europe

Offices6 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 Factoring / Invoice Purchase (Fakturaköp): Companies sell their invoices to Norra Finans and receive immediate payment. Norra Finans collects from the end-customer (debtor). This is the core revenue stream and primary focus of the company.
2. Invoice Financing / Factoring Credit (Laskurahoitus): Companies pledge their invoices as collateral for immediate financing. The credit risk remains with the company. Norra Finans charges fees for this service.
3. Extended Payment Terms (Pidennä maksuaikaa): Norra Finans offers debtors (end-customers of factoring clients) the ability to extend payment terms by 30 or 60 days. Norra Finans charges a processing fee (100 EUR/1100 SEK per invoice) plus monthly interest (1.58% per month).
4. Debt Collection Services (Perintä): Norra Finans provides debt collection services for companies. This includes voluntary collection, legal collection, and follow-up collection. Revenue is generated through collection fees charged to the client business.
5. Corporate Loans (Yrityslainat): Norra Finans offers corporate loans as part of their product suite, providing additional financing options alongside factoring services.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Norra Finans is a Nordic financing company that purchases and finances business-to-business invoices, providing clients with immediate working capital instead of waiting 30-120 days for buyer payment. The group offers invoice factoring (laskurahoitus), invoice purchasing (laskujen osto), debt collection services, extended payment terms of 30 or 60 days for buyers, and corporate loans, all delivered through a cloud-based factoring platform with Nordic ERP integrations and bilingual service across Sweden and Finland.

Product overview

Norra Finans offers a unified factoring and accounts receivable management platform. The core offering consists of Laskurahoitus (Factoring) and Laskujen Osto (Invoice Purchasing) services, complemented by Perintäpalvelut (Debt Collection) and Maksuaikojen Pidennys (Extended Payment Terms). The platform includes customer-facing Asiakasportaali and Loppüasiakasportaali portals for real-time invoice management and communication. All services are accessible through API integrations with major Nordic ERP systems including Fortnox, Visma, E-conomic, and Microsoft Dynamics.

Differentiator

Problem solved

Functional benefit

Products and services

• Laskurahoitus (Invoice Factoring / Invoice Financing) Invoice financing service that allows businesses to sell or pledge their invoices to Norra Finans and receive immediate payment, instead of waiting 30-120 days for customer payments. Pricing is per-invoice with no start-up or monthly fees.
• Laskujen Osto (Invoice Purchasing) Invoice purchasing service where Norra Finans buys invoices from businesses outright, providing immediate payment and taking over the collection responsibility. Offered with no monthly or start-up fees and flexible per-invoice usage.
• Perintäpalvelut (Debt Collection Services) Debt collection services including voluntary collection, legal collection and follow-up collection. Operates across the Nordic countries with multilingual capabilities, delivered via dedicated subsidiary Norra Finans Inkasso AB. Revenue is generated through collection fees charged to the client business.
• Maksuaikojen Pidennys (Extended Payment Terms) Service for end-customers (debtors) of factoring clients allowing them to extend payment terms on Norra Finans invoices by 30 or 60 days, up to 120 days total. Processing fee of 100 EUR / 1100 SEK per invoice plus monthly interest of 1.58%. Application is handled through an online portal (Scrive).
• Yrityslainat (Corporate Loans) Corporate loans provided to business customers as an additional financing option alongside factoring services, for example to fund project production costs (as used by customer Taavi Vartia Productions to finance film production).

Quantifiable outcome

• Financing over 1 billion SEK in invoices every month
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration14 records

Feature5 records

Partnerships

Eight partnerships are on record, tiered core.

• FortnoxcoreTechnology or Integration · 1 January 2024Pre-built ERP integration for invoice automation. Allows Norra Finans factoring clients using Fortnox accounting software to automatically transfer invoices, receive settlement reports, and automate bookkeeping through the Norra Finans platform.
• E-conomic (Sage)coreTechnology or Integration · 1 January 2024Pre-built ERP integration for invoice automation with E-conomic accounting platform, enabling automated invoice transfers and reporting for Norra Finans factoring clients.
• Microsoft Business Central / Microsoft Dynamics NavisioncoreTechnology or Integration · 1 January 2024Pre-built ERP integration with Microsoft Business Central and Dynamics Navision for invoice automation and reporting within the Norra Finans cloud factoring system.
• Visma (Administration, Business, eEkonomi, Global, NET / Procountor)coreTechnology or Integration · 1 January 2024Pre-built ERP integrations across the full Visma product suite, including Visma Administration, Visma Business, Visma eEkonomi, Visma Global, and Visma NET/Procountor. Enables automated invoice handling and reporting for Visma users who are Norra Finans factoring clients.
• TripletexcoreTechnology or Integration · 1 January 2024Pre-built ERP integration with Tripletex accounting software, enabling automated invoice processing and reconciliation for Norra Finans factoring clients using the platform.
• Power Office GOcoreTechnology or Integration · 1 January 2024Pre-built ERP integration with Power Office GO accounting platform for Norra Finans factoring clients to automate invoice transfers and reporting.
• BL AdministrationcoreTechnology or Integration · 1 January 2024Pre-built ERP integration with BL Administration accounting software, enabling Norra Finans factoring clients to automate invoice processing.
• UnicontacoreTechnology or Integration · 1 January 2024Pre-built ERP integration with Uniconta ERP system, enabling Norra Finans factoring clients to automate invoice management.

Scale indicators7 records

Recent moves15 records

Expansion highlights6 records

Direct peers

• Qred: Swedish-founded fintech providing invoice factoring and working-capital loans to SMEs across the Nordics. Closely comparable product set (factoring + business loans), customer size (SME), and Nordic geographic footprint.
• Capcito: Nordic fintech offering invoice purchasing and working-capital financing to SMEs. Overlaps with Norra Finans on factoring product, SME target segment, and Sweden-based operating model.
• Marginalen Bank: Swedish bank group (formerly linked to Collector) providing factoring, SME financing and debt collection across the Nordics. Direct overlap with Norra Finans's factoring + collection offering and Swedish SME target market.
• Capitalbox: Swedish invoice-purchasing and factoring platform targeting SMEs. Competes head-to-head with Norra Finans in the Swedish SME invoice-financing segment.
• Svea Bank: Large Nordic financial group offering factoring, invoice purchasing, debt collection and SME financing. Comparable product breadth (factoring + collection) and a multi-country Nordic footprint that mirrors Norra Finans's Sweden + Finland reach.
• TF Bank: Swedish bank with a factoring arm and SME/commercial credit focus. Comparable in offering factoring to Nordic businesses, though with a broader consumer-credit franchise as well.

Broad incumbents

• Nordea: Largest Nordic bank with a corporate factoring franchise. Overlaps with Norra Finans on factoring products and SME/corporate customers but operates at vastly greater scale across a full banking suite.
• SEB: Major Nordic universal bank providing corporate factoring and trade finance. Comparable capability set for large and mid-market customers, with broader balance-sheet funding and risk-management resources.
• Resurs Bank: Nordic bank specializing in consumer and SME finance, including factoring-adjacent products. Comparable Nordic SME/working-capital positioning but with a wider retail-banking offering.

Emerging players

• Billie: Berlin-based B2B Buy Now Pay Later / invoice financing provider. Comparable invoice-financing model to SMEs but operating in Germany and other European markets rather than the Nordics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/NorrafinansOy
• LinkedInfi.linkedin.com/company/norra-finans-oy
• Instagraminstagram.com/norrafinans_oy

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Subsidiaries2 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 Norra Finans Sverige AB