What Eksfin does

Eksfin (Export Finance Norway / Eksportfinansiering Norge) is a Norwegian state-owned export credit agency established in 2021 and reporting to the Ministry of Trade, Industry and Fisheries. Headquartered in Oslo with regional offices in Stavanger and Ålesund, the agency promotes Norwegian exports and the green transition by providing government-backed loans and guarantees to Norwegian exporters, international buyers, and their banks. It operates as a risk-sharing partner to commercial banks — most prominently DNB, Nordea, SpareBank 1 SMN, Sparebanken Møre, Sparebanken Sogn og Fjordane, Sparebank 1 Østlandet, and Sparebanken Vest — rather than as a direct competitor. Coverage is up to 90% on political risk with tenors up to 20 years, and a normal 30% Norwegian content threshold is required for export contracts to qualify.

Eksfin's product suite spans guarantee instruments (Working Capital Guarantee, Construction Loan Guarantee, Import Guarantee, Production Loan Guarantee, Contract Guarantee, Pre-delivery Guarantee, Letter of Credit, Bond Insurance, Political Risk Guarantee) and direct financing products (Investment Financing, Buyer Credit, Ship Financing). The product set is delivered through a hybrid GTM: bank-led origination for SMEs and working-capital facilities, direct engagement with large corporate and project-finance customers, and event-led outreach (ONS, Nor-Fishing, Nor-Shipping, WindEurope, European Hydrogen Week, Rebuild Ukraine). Revenue mechanics combine risk-based guarantee premiums, CIRR-based interest on export loans, and fees on construction and working-capital guarantees; pricing is individually assessed and not publicly disclosed.

The customer base is concentrated in four primary verticals — Maritime (Cadeler, Edda Wind, Framherji, Van Oord, Brødrene Aa, Purus), Fisheries and Aquaculture (Laxey, Loch Duart, Selfa Arctic), Renewable Energy (Ørsted, Scatec, TOMRA) and Banking/Finance intermediaries — with an emerging defense vertical (Kongsberg Defence & Aerospace, CHSnor) and a growing digital-infrastructure book (Nscale AI data center, $790M syndicate). Recent recognition includes the 2025 Marine Money 'Offshore Green Deal of the Year' and 2024 'Best Export Credit Agency Financing' awards.

Name

Eksfin

Legal name

Eksfin - Export Finance Norway (Eksportfinansiering Norge)

Website

https://eksfin.no

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

101–250 employees

Short description

Eksfin is Norway's state-owned export credit agency, providing government-backed loans and guarantees to Norwegian exporters, international buyers, and their banks across maritime, fisheries, renewable energy, and emerging verticals such as defense and digital infrastructure.

Ownership category

akta.pro rank

Product category

Export Credit Agency Services

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Surety Insurance (6351), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Export Credit Agencies (ECAs) & Trade Finance Institutions (BPADACAF)

akta.pro secondary industries

Trade Finance, Export Credit & Risk Mitigation (BPADAMAG), Export Credit Agencies (ECAs) & Official Export Finance (FSABAKAC), Export Promotion & Market Access Support (BPADAMAC)

Keywords

• Export credit guarantees
• Government-backed loans
• Export finance
• Political risk insurance
• Buyer credit financing

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure

Revenue model

1. Guarantee Premiums: Eksfin charges premiums for guarantees covering political risk, contract guarantees, and bond insurance. Premiums are set based on maturity date, creditworthiness of foreign buyers, and political situation in the buyer's country.
2. Interest on Export Loans: Government-backed loans to international buyers of Norwegian goods and services, generating interest income over the loan tenure. Includes CIRR (Commercial Interest Reference Rate) financing with fixed interest rates.
3. Working Capital and Construction Loan Guarantees: Risk-sharing arrangements with banks where Eksfin guarantees a portion of the bank's exposure, earning guarantee fees while enabling banks to extend larger credit facilities to exporters.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels12 records

Core offering

Eksfin provides government-backed loans, guarantees, and buyer credits to promote Norwegian exports and the green transition. Its offerings include working capital guarantees, construction loan guarantees, buyer credits, ship financing, and political risk guarantees, enabling Norwegian exporters and their international buyers to access financing that commercial banks alone cannot provide.

Product overview

Eksfin (Export Finance Norway) operates as a unified export financing platform offering government-backed loans and guarantees to promote Norwegian exports and the green transition. The product portfolio consists of guarantee products and financing products that work together: guarantee products (Working Capital Guarantee, Construction Loan Guarantee, Import Guarantee, Production Loan Guarantee, Contract Guarantee, Letter of Credit, Pre-delivery Guarantee, Bond Insurance, Political Risk Guarantee) provide risk coverage for banks to enable financing, while financing products (Investment Financing, Buyer Credit, Ship Financing) provide direct lending. Eksfin collaborates with Norwegian banks to deliver these solutions, with the bank issuing guarantees on behalf of exporters while Eksfin provides risk coverage.

Differentiator

Problem solved

Functional benefit

Products and services

• Working Capital Guarantee A guarantee product providing Norwegian exporters with working capital financing support, enabling them to fund ongoing operations tied to export contracts.
• Construction Loan Guarantee A guarantee supporting construction-period financing for export-related production facilities or large projects, typically used in shipbuilding and offshore.
• Import Guarantee A guarantee product for imports linked to Norwegian export deliveries, providing security for the underlying import financing.
• Production Loan Guarantee A guarantee covering production financing for goods intended for export, supporting manufacturers through the production cycle.
• Investment Financing Direct or guaranteed financing supporting capital investments by Norwegian exporters, often tied to international market expansion.
• Buyer Credit Medium- to long-term financing extended to international buyers of Norwegian goods and services, typically guaranteed by Eksfin.
• Ship Financing A specialized guarantee product supporting financing for shipbuilding and vessel exports from Norwegian shipyards.
• Contract Guarantee A guarantee providing performance security under export contracts, covering advance payment, performance, and warranty obligations.
• Letter of Credit An instrument issued or supported by Eksfin providing payment security in export transactions between Norwegian exporters and international buyers.
• Pre-delivery Guarantee

Quantifiable outcome

• Enables Norwegian banks to offload risk of NOK 5 billion through working capital guarantees
• +3 more outcomes

Named customers15 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• Innovation NorwaycoreStrategic or Co-development PartnerPartnership within the Norwegian business support apparatus to provide complementary financing solutions. Both organizations support Norwegian exporters at different stages of growth and internationalization.
• Innovation NorwaycoreGTM or Marketing PartnerJoint participation at trade events like Nor-Fishing and export conferences to reach Norwegian companies with international ambitions.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• UKEF (UK Export Finance): The UK's official export credit agency offering buyer credit, guarantees, and political risk insurance to UK exporters — operates a comparable product architecture and frequently co-finances major infrastructure projects alongside other ECAs, including in offshore wind and defense.
• Sace (Italy): Italy's state-owned export credit and insurance agency — underwrites political risk, contract, and trade credit insurance for Italian exporters in shipbuilding, infrastructure, and industrial machinery, mirroring Eksfin's mandate.
• Export Development Canada (EDC): Canada's state-owned export credit agency — provides financing, guarantees, political risk insurance, and equity to Canadian exporters across resource, infrastructure, and cleantech sectors; a structurally analogous counterpart in scale and product breadth.
• Bpifrance: France's public investment bank and export financing arm; provides guarantee, loan, and equity solutions to French exporters — a comparable state-backed institution offering a similar product mix with significant balance sheet capacity in shipbuilding and aviation.
• Euler Hermes / Allianz Trade: The world's leading trade credit insurer, originating as Germany's official ECA predecessor; competes with Eksfin in providing political risk insurance, contract frustration cover, and bank receivable insurance for exporters.
• US EXIM Bank: The official U.S. export credit agency — provides loan guarantees, direct loans, and export credit insurance to U.S. exporters, including in shipbuilding, aviation, and renewables; competes globally with other ECAs in syndicated infrastructure financing.
• Atradius Dutch State Business: Atradius's Dutch State Business unit administers Dutch state export credit insurance and guarantees — provides export credit, political risk, and contract guarantee products on behalf of the Dutch government, mirroring Eksfin's risk-sharing role with banks.
• EIFO (Denmark - Export and Investment Fund of Denmark): Denmark's merged state-owned export credit and investment agency formed from EKF and Vækstfonden; offers comparable CIRR loans, guarantees, and political risk insurance for Danish exporters across maritime, renewables, and green tech — the closest Nordic peer to Eksfin in mandate and product set.
• EKN (Sweden - Exportkreditnämnden): Sweden's official ECA providing guarantees and loans to Swedish exporters and their banks — provides a directly comparable mandate, product set (working capital, contract, political risk guarantees), and competitive overlap in Nordic maritime and defense exports.

Broad incumbents

• Innovation Norway: Norway's state-owned business development and innovation agency — operates as Eksfin's sister entity within Norway's public export support system, providing grants, loans, and advisory services to early-stage Norwegian companies that later graduate to Eksfin's larger-scale guarantees and CIRR financing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/eksfinN
• LinkedInlinkedin.com/company/eksfin

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eksfin