Oslo, June 6th, 2019
Axactor Sweden, has entered into a new FF agreement with Lendify. The FF
contract will last 24 months, generating a total estimated principal value of 15
mEUR across 1.250 claims. The claims are all fresh and the contract is expected
to start in September.
Lisa Sohtell, country manager Sweden, commented "The team are delighted to have
been able to close this new FF agreement in addition to the one off closed
earlier in the year."
This acquisition will be financed through Axactor's existing cash and credit
For additional information, please contact:
Johnny Tsolis, CFO, Axactor
Mobile phone: +47 913 35 461
Axactor Group specializes in both Debt Collection and Debt Purchasing across
several countries, with operations in Finland, Germany, Italy, Norway, Sweden
and Spain. The company has a Nordic base and an ambitious Pan-European growth
strategy, which targets the market for non-performing loans (NPL) in Europe.
This market is estimated to be about 1,000 billion euros across Europe providing
significant opportunities for Axactor's future expansion. Axactor has
approximately 1,100 employees.