Tech

Northmill Bank digital bank received a $ 30 million investment

Serving as a digital bank based in Sweden Northmill Bankannounced that it has received a new investment. On the digital bank side Monzo, Revolut Y N26 Northmill Bank, which has important competitors such as, has received an investment of $ 30 million according to the information shared.

Investment of 30 million dollars, Rutger Arnhult based in Sweden, managed by M2 asset management and asset management company Coeli took place under leadership. According to the shared information, the investment will be used to open Northmill Bank to 10 new markets.

George Wolf Y Hikmet Ego Northmill Bank, founded in Stockholm in 2006 by Sweden with Norway Y FinlandAlso serves in. Northmill Bank, which is a well established company, 200 thousand above to user Let’s also say you have.

Founded about 15 years ago, Northmill Bank focused on loans first. Northmill Bank, which received the banking license in 2019, 150 people one to the team owner. Users loans, Payments Y fuses The initiative, which offers advantages in the field, is expected to offer its new products to its users by the end of 2021.

In making a statement on the investment, M2 Asset Management Chairman Rutger Arnhult stressed that Northmill Bank is already a profitable company. Hikmet Ego, founding partner and CEO of Northmill Bank, shared that the conditions will allow them to further accelerate with the investment.

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