Nordea Finance opts for Divido lending platform
Nordea Finance is to leverage Divido’s tech under its own brand and roll-out the venture’s lending platform to retail merchants across Norway, Finland, Sweden and Denmark.
It is making the move because “building a new lending platform in-house to replace current legacy systems, servicing multiple markets wasn’t a practical option”.
“Nordea Finance is without a doubt one of the most innovative names in banking today,” says Christer Holloman, CEO and Co-Founder, Divido. “By licensing Divido, it will have access to technology that enables it to differentiate its product proposition and offer new credit products at the point-of-purchase. Nordea Finance merchants will be able to access multiple markets through a single integration, saving them money, time and effort.”
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