MAY 30 2024
The Financial Services sector is rapidly evolving due to changing regulations, sustainable finance, and technological advancements. As consumer behaviours shift, traditional banks and financial institutions face new competition from innovative players. As a leading Financial Services investor in Northern Europe, Nordic Capital focuses on high-potential sub-sectors such as Savings and Wealth Management, Retail Lending, and Insurance.
Since 2012, Nordic Capital has made 12 platform investments, generating €1.3 billion in revenues and deploying €2.7 billion of equity capital. Nordic Capital's commitment to innovation is evident in our strategic support for portfolio companies.
Recent industry trends underscore the importance of digital transformation and sustainable finance. Fintech innovations, such as digital wallets and blockchain technologies, reshape consumer access to financial services. There's also a growing emphasis on environmental, social, and governance (ESG) criteria, with sustainable finance solutions becoming key differentiators.
Nordic Capital is at the forefront of investing in the financial services sector, supporting innovative companies with sustainable business models. Our strategic insights, capital for innovation, digital transformation expertise, and operational support are instrumental in helping businesses scale sustainably.
“In a world where access to financial services is not universal or affordable, modern companies can democratise access to capital. Nordic Capital can enhance financial inclusion by investing in digital and sustainable business models to enable rapid adaption to ever changing circumstances and a more inclusive society,” said Christian Frick, Partner and Head of Financial Services, Nordic Capital Advisors.
With Nordic Capital's backing, financial services companies can tap into the potential for significant growth through investments in digital platforms, product expansion, and sustainable finance solutions, fostering a future of inclusive and responsible finance.
NOBA Bank Group (publ) is an example of our commitment to responsible lending and financial health. As a prominent niche bank in Northern Europe, NOBA focuses on substantial, long-term personal loans, mortgages, credit cards, and deposit accounts. Operating through brands like Nordax Bank, Bank Norwegian, and Svensk Hypotekpension, NOBA has made significant strides. Nordic Capital's investment in Nordax Group in 2017 has supported its expansion across Northern Europe, leading to notable achievements such as Nordax's acquisition of Bank Norwegian in 2021 and the rebranding to NOBA Bank Group in 2023. NOBA's diversified portfolio and innovative services have positioned it as a formidable competitor to larger banks, promoting healthier finances for a broader audience.
NOBA Bank Group's 2023 milestones include a double materiality assessment and a comprehensive value chain mapping which reflect its commitment to responsible lending and financial health. These efforts exemplify Nordic Capital's approach to driving financial inclusion responsibly and effectively.
To find out more about our focus on Financial Services, see: