TF Bank Norge
TF Bank Norge is a Norwegian digital bank branch of Sweden's Nasdaq-listed TF Bank AB, offering credit cards, consumer loans, refinancing, and savings accounts directly to Norwegian retail consumers via mobile app and web.
- Company typePrivate
- Founded-
- HeadquartersBergen, Norway
- Headcount11–50
- GTM typeB2C
- OfferingServices
What TF Bank Norge does
TF Bank Norge is a Norwegian branch (NUF — Norskregistrert Utenlandsk Foretak) of TF Bank AB, a Swedish digital bank listed on Nasdaq Stockholm. The entity operates as a direct-to-consumer digital bank with no physical branches, serving Norwegian retail consumers with a credit-led product set. Core offerings include the TF Bank Mastercard credit card, unsecured consumer loans (forbrukslån), loan refinancing, and both floating-rate and fixed-rate savings accounts, distributed through a website and mobile app with BankID-based authentication.
The Norwegian branch is staffed with approximately 32 employees and is regulated via its parent under Swedish Finansinspektionen supervision, with Norwegian customer deposits covered by Bankenes Sikringsfond up to 2M NOK. Revenue mechanics rely on net interest margin — the spread between loan yields on credit card and consumer loan balances and the cost of deposits — supplemented by card interchange and fee income. Distribution is fully digital, allowing the unit to leverage the parent group's centralized product, credit, and risk infrastructure without bearing standalone fixed-cost overhead. The TF Bank group operates across roughly 14 European countries, providing scale leverage that the Norwegian branch inherits.
Recent operational milestones include a dedicated Norwegian mobile app launch in October 2023, an in-app credit limit increase feature added in May 2024, the publication of TF Bank Norge's first Transparency Act statement in 2023, and a switch of insurance provider from Gouda/Gjensidige to AmTrust effective January 1, 2025. The branch also maintains long-running financial support arrangements with PlayOnside (since 2015) and the Zelmerlöw & Björkman Foundation (since 2017).
TF Bank Norge firmographics
Firmographics- Name
- TF Bank Norge
- Legal name
- TF Bank Nordic AB NUF
- Website
- https://tfbank.no
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- TF Bank Norge is a Norwegian digital bank branch of Sweden's Nasdaq-listed TF Bank AB, offering credit cards, consumer loans, refinancing, and savings accounts directly to Norwegian retail consumers via mobile app and web.
- Ownership category
- akta.pro rank
Where TF Bank Norge is headquartered
LocationHeadquarters
- HQ city
- Bergen
- HQ country
- Norway
- HQ region
- Europe
Offices1 record
Markets served
TF Bank Norge business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Credit Card Interest Income: Interest charged on outstanding credit card balances when not paid in full. Nominell rate 22.65% for purchases, 26.79% for cash withdrawals. Interest-free period up to 43 days for purchases.
- Consumer Lending: Interest income from unsecured personal loans and refinancing. Nominal rates from 9.4% to 22.9%, loan amounts from 5,000 to 500,000 NOK, repayment terms up to 15 years.
- Savings Account Interest Spread: The bank pays depositors interest on savings accounts (2.73% floating rate) and lends these funds at higher rates, capturing the spread.
- Payment Protection Insurance: Optional insurance product costing 0.9% of outstanding credit card balance per month, covering payments in case of unemployment, sick leave, or hospitalization.
- Transaction Fees: Fees for specific services including 250 NOK for transfers to private accounts from credit card, and 2% administration fee (minimum 1,000 NOK) for early withdrawal from fixed-rate savings.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | TF Bank Mastercard - Standard Credit Card |
| Unit Pricing | Monthly | Consumer Loans |
| Subscription | Monthly | Savings Account (Floating Rate) |
| Subscription | Multi-year contract | Fixed-Rate Savings Account |
| Usage-based | Monthly | Payment Protection Insurance |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
TF Bank Norge product offering
Product offeringCore offering
TF Bank Norge is a Norwegian branch (NUF) of Swedish TF Bank AB, operating as a branchless digital bank for Norwegian retail consumers. Its offering is centered on the TF Bank Mastercard credit card (up to 200,000 NOK credit limit, 43-day interest-free period, no annual fee), complemented by unsecured personal loans and refinancing (5,000–500,000 NOK, up to 15-year terms), and savings accounts (variable and fixed-rate, up to 2,000,000 NOK insured). The entire customer journey — application, authentication (BankID), servicing, and support — runs through digital channels (website, mobile app, MinSide portal), with no physical branches.
Product overview
TF Bank Norge operates as a digital bank offering a unified financial services platform centered on its TF Bank Mastercard credit card, complemented by unsecured lending products (forbrukslån and refinancing), savings solutions (sparekonto and fastrentekonto), and a mobile banking application. The core product is the TF Bank Mastercard, which serves as the primary customer touchpoint, supported by the TF Bank App for account management. Insurance add-ons (travel insurance, ID theft protection, payment protection) enhance the credit card offering. The lending and savings products complement the card business as part of a complete digital banking experience.
Differentiator
Problem solved
Functional benefit
Brands
- TF Bank Mastercard: The company's flagship credit card product offering fee-free usage worldwide, travel insurance, ID theft insurance, and a benefits program with discounts.
Products and services
- TF Bank Mastercard (credit card)
- Forbrukslån (Unsecured personal loan)
- Refinansiering (Debt consolidation/refinancing)
- Sparekonto (Variable-rate savings account)
- Fastrentekonto (Fixed-rate savings account)
- Betalingsforsikring (Payment protection insurance)
- ID-tyveriforsikring (ID theft insurance)
- Reiseforsikring (Travel insurance)
- TF Bank App (mobile banking app)
Quantifiable outcome
- Interest-free credit period up to 43 days for purchases
- +2 more outcomes
Companies that use TF Bank Norge
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
TF Bank Norge technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration11 records
AI capability1 record
Feature4 records
TF Bank Norge partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered minor and core.
- Zelmerlöw & Björkman FoundationminorSwedish foundation established in 2013 supporting African youth in overcoming vulnerability and poverty by making education and entrepreneurship learning accessible. TF Bank has financially supported the foundation since 2017.
- PlayOnsideminorNon-profit organization based in Mae Sot, Thailand, on the Thai-Burmese border. Provides access to education through football and play for children regardless of ethnicity, gender, religion, and socioeconomic status. TF Bank has financially supported PlayOnside since 2015, contributing to social inclusion programs.
- MastercardcoreGlobal payment network providing the infrastructure for TF Bank Mastercard credit cards. Enables worldwide acceptance, secure transactions, and features like Mastercard Identity Check (3D Secure) and Mastercard Click to Pay.
- Apple PaycoreDigital wallet integration allowing TF Bank Mastercard holders to add cards to Apple Wallet for contactless payments using Face ID, Touch ID, or device passcode authentication.
- Google PaycoreDigital wallet integration allowing TF Bank Mastercard holders to add cards to Google Pay for contactless payments on Android devices.
- SOS InternationalcoreEmergency assistance provider for TF Bank Mastercard travel insurance. Available 24/7 for medical emergencies and urgent travel assistance worldwide.
- Van AmeydecoreInsurance claims handler for TF Bank Mastercard travel and ID theft insurance. Processes non-urgent claims and provides policy information.
- AmTrustcoreInsurance provider for TF Bank Mastercard travel insurance, ID theft insurance, and payment protection insurance since January 1, 2025. Previously provided by Gouda/Gjensidige.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
TF Bank Norge competitors and assessment
Company assessmentEmerging players
- Klarna: Nordic-rooted digital payments and consumer credit provider — competes with TF Bank at the intersection of consumer credit and digital wallets, but with a BNPL-led rather than credit-card-led model.
Direct peers
- Komplett Bank: Norwegian digital bank offering credit cards, consumer loans, and savings — a direct competitor in the same Norwegian retail segment with a comparable fee-free card-led strategy.
- Resurs Bank: Nordic consumer credit specialist active in Norway with credit cards, personal loans, and retail financing — comparable in product scope and target segment, though with broader Scandinavian reach.
- Bank Norwegian (Nordax Bank): Nordwegian consumer bank historically focused on credit cards, personal loans, and savings — directly overlapping TF Bank Norge's product set, target customer (Norwegian retail consumers), and digital-only distribution model.
- Sambla: Norwegian refinancing and consumer loan broker/aggregator — overlaps directly with TF Bank's refinancing product and competes for the same Norwegian borrowers seeking debt consolidation.
- Nordax Bank: Swedish-headquartered Nordic consumer lender (parent of Bank Norwegian) active across Norway with personal loans, credit cards, and savings — same group operating peer with similar business model and product stack.
- yA Bank: Norwegian digital consumer lender offering personal loans, refinancing, and savings — closely comparable in product mix, Norwegian consumer focus, and branchless digital distribution.
- Instabank: Norwegian digital consumer bank offering unsecured loans, savings, and deposits — competing head-to-head with TF Bank Norge for the same Norwegian retail credit and savings customers via a similar online-only channel.
Broad incumbents
- DNB: Norway's largest bank and dominant credit card issuer — competes with TF Bank Norge across credit cards, consumer loans, and savings, but with a full-service retail, corporate, and capital markets franchise TF Bank does not match.
- SpareBank 1 SR-Bank: Major regional Norwegian savings bank group with retail credit, savings, and payments — competes for the same Norwegian retail customers as TF Bank, but with regional branch presence and broader product depth.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks5 records
Key highlights6 records
Customer concentration
TF Bank Norge social profiles
Digital presenceTF Bank Norge compliance and trust
Trust signalCompliance2 records
TF Bank Norge financial estimates
Financial estimateRevenue estimate
Valuation estimate
TF Bank Norge leadership team
Management profileNumber of profiles
TF Bank Norge funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TF Bank Norge M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TF Bank Norge
What does TF Bank Norge do?
TF Bank Norge is a Norwegian branch (NUF) of Swedish TF Bank AB, operating as a branchless digital bank for Norwegian retail consumers. Its offering is centered on the TF Bank Mastercard credit card (up to 200,000 NOK credit limit, 43-day interest-free period, no annual fee), complemented by unsecured personal loans and refinancing (5,000–500,000 NOK, up to 15-year terms), and savings accounts (variable and fixed-rate, up to 2,000,000 NOK insured). The entire customer journey — application, authentication (BankID), servicing, and support — runs through digital channels (website, mobile app, MinSide portal), with no physical branches.
Is TF Bank Norge a public or private company?
TF Bank Norge is a private company. It is classified as corporate owned and is currently operating.
When was TF Bank Norge founded?
TF Bank Norge was founded in -1. It employs 11 to 50 people.
Where is TF Bank Norge based?
TF Bank Norge is headquartered in Bergen, Norway, in the Europe region.
How does TF Bank Norge make money?
Five revenue lines are on record. Credit Card Interest Income is the primary driver. The others are consumer Lending, savings Account Interest Spread, payment Protection Insurance and transaction Fees.
Who are TF Bank Norge's main competitors?
Klarna is listed as an emerging player. Direct peers are Komplett Bank, Resurs Bank, Bank Norwegian (Nordax Bank), Sambla, Nordax Bank, yA Bank and Instabank. Broad incumbents are DNB and SpareBank 1 SR-Bank.
Does TF Bank Norge have an API?
No public API is recorded for TF Bank Norge.