Nordic Finance and Verdane join forces
Stockholm — Nordic Finance, one of Sweden’s fastest growing business-to-business financing companies, welcomes Nordic Private Equity fund Verdane Capital IX as a new investor. Digitalisation is at the center of the new partners’ plan to attract new customers and suppliers in the Nordics.
Nordic Finance is an independent leasing broker, providing financing solutions to businesses and entrepreneurs. The company operates as an intermediary between suppliers of cars, restaurant equipment and machinery, and object customers and financers.
On September 1, 2017, Nordic Finance and its founders welcomed Verdane Capital IX as a new investor. Together, they will work to further strengthen the company’s market position, and unlock its growth potential.
“Through its capital, competence, network and sector-specific expertise, Verdane is a perfect match for us. We have established an ambitious strategic business plan aimed at further developing and refining our customer offering. The plan also includes recruiting the most talented people in the industry, and making Nordic Finance the industry’s preferred partner,“ says Christian Hanson, CEO and founder of Nordic Finance.
Following the completion of the transaction, Hanson will take on a new position as business developer, with digitalisation as a number one priority.
“Nordic Finance is an independent company positioned to build an advanced IT platform without the limitations larger banks and financing companies are facing. We are in the position to heavily modernise customers’ and suppliers’ experience of our services, in clear contrast to the more conservative players in our industry,” he says.
Tony Kirmo, who joined Nordic Finance shortly after its founding, will become the company’s new CEO.
New members of the Board of Directors
Verdane Capital IX’s investment, Per Norlander, partner at Verdane Capital Advisor and founder and previous CEO of Avanza and Nordnet, will join Nordic Finance’ Board of Directors as a board member, while Fredrik Månsson will enter as Chairman of the Board. Månsson is the current Chairman of the Board and majority owner of Hyper Island, and founder, active investor and Chairman in several companies within digital media, including various e-commerce companies, media agencies, and a school. Månsson has also founded and headed Brokredit and Emric.
Verdane funds provide flexible growth capital to fast growing software, consumer internet, energy or high-technology industry businesses. The funds are distinctive in that they can invest either in a single company, or in portfolios of companies. Verdane funds have €900m under management and have invested in over 300 holdings over the past 14 years. Verdane Capital Advisors has 25 employees working out of offices in Oslo, Stockholm, and Helsinki. More information can be found at: www.verdanecapital.com
About Nordic Finance
Nordic Finance Business Partner AB has a team of 22 employees and offices in Stockholm, Gothenburg and Helsinki. Nordic Finance helps companies and entrepreneurs realise their dreams through financing solutions and leasing. With five business areas, the company finds the best financing solution to each customer. Nordic Finance is focused on values such as responsibility, engagement, freedom and transparency. For more information: www.nordicfinance.com