What Svea Finans does

Svea Bank AB (commercially known as Svea Finans or Svea Bank) is a privately held Swedish fintech bank founded in 1981 and headquartered in Solna, Sweden. The company operates a full-service financial platform organized into four business lines: Banking (consumer and business accounts, payment cards including the proprietary Sveakortet, savings accounts, personal loans via the Svealånet product, and mortgages); Financing (factoring, invoice purchasing, business credit, leasing, real estate credit, and inventory financing); Payments (e-commerce Checkout, Instore Pay, Scan & Pay, Apple Pay/Google Pay/Swish integrations, Shopify multicurrency, and Banking-as-a-Service white-label offerings); and Debt Collection (automated receivables management with international collection capabilities). Operations span 15+ European markets including Sweden, Norway, Denmark, Finland, Estonia, the Netherlands, Belgium, the United Kingdom, Germany, Austria, and Switzerland, with regional HQs in Solna, Dietlikon, and Oslo, and additional offices including Göteborg, Åseda, and Hamar.

The platform is API-first, exposing 100+ APIs and pre-built integrations into major accounting and ERP systems (PowerOffice Go, Visma Business, SAP, Unimicro, Fortnox, Tripletex, Xledger) and vertical solutions (Opus Dental/Oris Dental for dental, Provet for veterinary). Core infrastructure supports telecom-grade billing (partnering with Telia and Telenor), embedded credit assessment via credit-bureau integrations, an AI-powered customer chat client ("Imbox"), and anomaly detection. The platform is ISO 27001 certified (2024), PSD2/Open Banking compliant, and GDPR/PDPA/Swiss data-protection compliant. Distribution is sales-led with direct enterprise relationships, accounting-system channel partnerships (notably DNB factoring agreement for SME distribution), embedded/white-label channels, and digital self-service for consumer and small-business segments.

Revenue is generated across multiple streams: transaction-fee services (factoring, payments, debt collection), recurring/interest-based services (banking accounts, consumer lending, deposits), and embedded distribution revenue via BaaS partners. Customer outcomes cited include supporting Dellia's growth to 12,800 stores across 11 countries, onboarding 20 Norwegian grid companies via Nettalliansen in two months, and providing payment and financing infrastructure to enterprises such as Synsam, WeSports, Scandinavian Photo, Oris Dental, Glitre Nett, Plantasjen, and Skeidar. The customer base spans SMEs, consumers, telecom operators, energy companies, healthcare practices, and accounting/ERP partners, with a hybrid segmentation approach across size tier, persona, vertical, and use case.

Name

Svea Finans

Legal name

Svea Bank AB

Website

https://svea.com

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

11–50 employees

Short description

Svea Finans (Svea Bank AB) is a privately held Swedish fintech bank offering banking, financing, payments, and debt collection services to SMEs, consumers, and enterprises across 15+ European markets, with deep integrations into major accounting platforms.

Ownership category

akta.pro rank

Product category

Commercial Banking and Fintech Services

NAICS

Commercial Banking (522110), Credit Card Issuing (522210), Sales Financing (52222), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

National Commercial Banks (6021), Personal Credit Institutions (6141), Mortgage Bankers & Loan Correspondents (6162), Finance Services (6199)

akta.pro primary industry

Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD)

akta.pro secondary industries

Integrated Payment Processors (PSP/Acquirer) (FSAMABAA), Embedded Card Issuing & Card-as-a-Service (FSAGALAC), Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK)

Keywords

• Invoice factoring services
• Business financing solutions
• Payment processing services
• Debt collection services
• Consumer banking services

Headquarters

HQ city

Allerød

HQ country

Denmark

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Banking Services: Provides banking services to businesses and consumers including accounts, credit cards, and savings products
2. Corporate Financing: Invoice financing, factoring, business loans, leasing, real estate credit, and inventory financing for businesses
3. Payment Solutions: Payment processing solutions for e-commerce and retail including checkout, instore pay, and scan & pay
4. Debt Collection: Debt collection services for businesses with debtor management and international collection capabilities
5. Consumer Lending: Personal loans, refinancing, and mortgage products for consumers in Norway
6. Factoring Services: Full-service factoring, selective factoring, ultimo factoring, and invoice purchasing for SMEs in DACH region

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Svea Finans (Svea Bank) is a Swedish fintech bank offering corporate financing (factoring, invoice purchasing, business loans, leasing, and inventory financing), smart payment solutions (e-commerce checkout, in-store pay, scan & pay), consumer banking services (accounts, savings, personal loans, mortgages, credit cards), and professional debt collection services. The company operates across 15+ European countries with API-first integration to major accounting platforms.

Product overview

Svea Finans operates as a fintech bank providing a comprehensive suite of financial services organized into four core divisions: Banking (consumer and business accounts, cards, and deposits), Financing (factoring, invoice purchasing, credit facilities, leasing, and business loans), Payments (e-commerce checkout, in-store payments, and mobile solutions), and Debt Collection (receivables management and recovery). The platform offers both business-to-business and business-to-consumer services across Nordic markets, with additional operations in DACH region. The architecture combines core banking services with modular add-ons including subscription billing, telecom billing, integrated accounting system connections, and Banking-as-a-Service capabilities. The product portfolio includes named offerings such as Svealånet (personal loans), Sveakortet (payment cards), Checkout, Instore Pay, Scan & Pay, and various factoring products, all accessible through physical and digital channels with API-first integrations.

Differentiator

Problem solved

Functional benefit

Products and services

• Svea Banking Full range of financial and administrative banking services for businesses and consumers, including accounts, cards, and payment services.
• Svea Financing Immediate access to cash tied up in unpaid invoices through invoice purchasing and factoring solutions for businesses.
• Svea Payments Smart payment solutions for e-commerce, apps, and physical stores including Checkout, Instore Pay, and Scan & Pay.
• Svea Debt Collection Debt collection and recovery services for businesses with automated processes and customer follow-up systems.
• Banking as a Service (BaaS) Banking-as-a-Service platform enabling partners to embed financial services through API integrations and offer white-label banking products.
• Checkout E-commerce checkout solution with multiple payment options integrated for online retailers across Nordic markets.
• Instore Pay In-store payment solution enabling customers to pay via mobile or contactless methods at physical retail locations.
• Scan & Pay Mobile payment solution allowing customers to scan and pay using their smartphone in retail environments.
• Factoring Invoice factoring services providing immediate liquidity by selling open invoices to Svea, including full-service, selective, and ultimo factoring variants.
• Invoice Purchasing Direct purchase of outstanding invoices enabling businesses to receive immediate payment for delivered goods or services.
• Leasing Equipment and vehicle leasing solutions for businesses to acquire assets without large upfront capital expenditure.
• Invoicing Digital invoicing services including subscription billing, credit checks, and VAT handling for businesses.
• Subscription Billing Recurring billing solution for subscription-based businesses with automated invoice generation and customer management.
• Billing (Telecom) Comprehensive telecom billing platform for mobile operators including CDR processing, rating, provisioning, and multi-country support.
• Personal Loans (Svealånet) Personal loan products including Svealånet for individuals with competitive rates and flexible terms.
• Mortgage Mortgage and home loan products for residential property purchases with various rate options.
• Savings Account Savings products including flexible savings accounts with competitive interest rates and state deposit guarantees.
• Sveakortet Proprietary payment card offering benefits and features for cardholders.
• Refinancing Debt consolidation and refinancing solutions for consumers to combine multiple loans into single payments with potentially lower rates.
• Inkasso (Debt Collection) Debt collection services with follow-up monitoring, payment chasing, and recovery management for businesses.

Named customers13 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration16 records

AI capability4 records

Feature4 records

Partnerships

Four partnerships are on record, tiered core.

• PowerOffice GocoreTechnology or IntegrationIntegrated accounting solution providing factoring, invoicing, and debt collection services directly within the PowerOffice Go platform for businesses and accountants.
• Visma BusinesscoreTechnology or IntegrationIntegrated factoring solution allowing businesses to get paid next business day directly from Visma Business system.
• SAPcoreTechnology or IntegrationIntegrated invoice follow-up and debt collection solution for SAP users providing real-time visibility into invoice and payment flow.
• DNBcoreChannel Partner/ Reseller/ DistributorDNB delivers factoring services to their business customers through Svea as the provider, providing DNB's SME customers with access to modern factoring solutions.

Scale indicators5 records

Recent moves8 records

Expansion highlights7 records

Emerging players

• Lunar: Nordic digital challenger bank offering consumer and business accounts, payments, and lending. Comparable Nordic fintech-bank positioning but with stronger consumer-brand focus and less SME/embedded-finance depth than Svea.
• Northmill Bank: Nordic challenger bank focused on consumer banking, savings, and lending. Comparable fintech-bank model but with narrower SME and factoring exposure than Svea.

Direct peers

• Bank Norwegian: Norwegian digital bank offering consumer credit cards, loans, and savings. Comparable consumer credit and deposit business operating in overlapping Nordic geographies.
• Komplett Bank: Norwegian digital challenger bank providing consumer loans, credit cards, and savings. Comparable regulated Nordic banking business, narrower product line and scale than Svea.
• Qliro: Nordic e-commerce-focused payments and consumer finance provider offering checkout, consumer loans, and merchant services. Directly comparable to Svea's Checkout, Instore Pay, and consumer lending products.
• Resurs Bank: Nordic specialist bank providing consumer finance, retail financing, factoring, and payment solutions. Direct overlap with Svea across retail financing, factoring, and embedded payments in the Nordics.
• Instabank: Norwegian digital consumer bank offering unsecured loans, savings, and refinancing. Comparable in product line and Nordic focus; smaller in geographic reach and payment services.
• Collector Bank: Swedish fintech bank offering factoring, consumer loans, and payment solutions to SMEs and consumers across the Nordics. Closely comparable business model, product mix, and customer base to Svea Finans.
• Nordax Bank: Specialist Nordic bank focused on consumer lending across multiple European markets. Comparable consumer credit and deposit-gathering model; narrower product mix than Svea.

Broad incumbents

• Klarna: Global Swedish-founded fintech offering pay-later, payments, and banking-as-a-service. Overlaps with Svea on payments and consumer credit but at significantly larger scale and consumer brand recognition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/svea.norge
• LinkedInlinkedin.com/company/svea-bank
• Instagraminstagram.com/svea_no
• Xx.com/sveafinans

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 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 Svea Finans