As the first Nordic player, Avida is starting a collaboration with Funding Circle, a European platform for loans to small and
medium-sized companies in Germany and the Netherlands.
Initially, Avida will lend the equivalent of EUR50 million over the next nine months and then gradually increase lending to reach just over EUR100 million in
2020.
Tord Topsholm, CEOofAvida Finans AB, said: “I am excited over this new cooperation that gives us an excellent complement to our home market in the
Nordic region as we now have the opportunity to reach a market we could not tap into without Funding Circle's platform. Notable is also that Avida is the
first Nordic player in the financial market to launch a cooperation with the SME loan platform."
Tord Topsholm sees the cooperation with Funding Circle as an important step on the way to reachAvida’s high set goals. “We have a growth plan for Avida,
which we follow step by step. With the help of a well-diversified portfolio, we will reach a total lending to consumers and corporate customers of SEK 10
billion in 2020. And the cooperation we start today will take us further steps towards to reach our goals.”
For further information please contact:
Tord Topsholm, CEOat Avida, Telephone: +46 72-402 44 35. E-mail: tord.topsholm@avida.se