Backed by Altor Equity Partners, Skandiabanken ASA is a digital bank in Norway.
Skandiabanken operates as a branchless digital bank, the first of its kind in Norway. It offers a range of financial products and services, including long and short-term loans; payment and card services; investment products; and saving schemes. With no branches, all services are offered via the digital platform, accessible across a number of devices.
"Satisfied customers are important to us" - Skandiabanken ASA
Why Altor Equity Partners invested in this business:
"Leveraging modern technology in a sector which has been slow to adapt makes for a very exciting investment" – Merrick McKay, SL Capital