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Svea Ekonomi and P.F.C. join forces to build Nordic neobank

Svea Ekonomi today announced the acquisition of P.F.C. Together, they will build Generation Z's first choice among neobanks.

“Since 2016, Svea has both been a partner to P.F.C. and collaborated on refinancing and card issuing. We have gotten to know each other and believe that there are additional fruitful points of contact, for example in IT development and Bank as a Service – all services that Svea offers,” says Lennart Ågren, President and CEO of Svea Ekonomi.

“With Svea as our dedicated owner, we can significantly accelerate our journey towards our goal of becoming a bank that empowers generation Z as they start their financial life,” says Kevin Albrecht, CEO of P.F.C.

P.F.C. will expand its consumer app with continued investments in modern and award-winning design, brand, technology and a fast-paced organization.

P.F.C. is an app and a free Mastercard debit card that was launched at the end of 2018 and which now has more than 100,000 users in Sweden. P.F.C. enables its users to spend, save and grow their money. With the help of the P.F.C app, users can manage their everyday finances and keep tabs on their money. P.F.C. has been awarded silver in the Swedish Design Prize and was named Challenger of the Year by the publication Privata Affärer 2019.

Svea is an early investor in P.F.C. and will now become sole owner. P.F.C. will be a subsidiary of Svea Ekonomi.


Contact:

Lennart Ågren, President and CEO of Svea Ekonomi

08-735 90 00

lennart.agren@svea.com

Kevin Albrecht, CEO of P.F.C.

076-400 57 70

kevin.albrecht@getpfc.com

Svea is a financial company group with operations in several European countries. With nearly 40 years of experience in helping companies with their liquidity, we are a natural choice for many entrepreneurs when they need a financing partner. Svea shall be a leading financial company in Europe.



P.F.C. simplifies everyday finances for ordinary people with a combination of outstanding technology and design. We create an experience where financial services are simple, personal and transparent, while at the same time being available to more people at a reasonable cost.

We are building a personal finance app that helps people keep track of their money. It's everyday finances, on your terms.

Presskontakt

Charlotta Åsell

Charlotta Åsell

Presskontakt Marknads- och kommunikationchef 0736-30 75 07

Koll på pengarna

P.F.C. gör det möjligt att på ett enkelt och smidigt sätt få bättre koll på vardagsekonomin. Sedan lanseringen 2018 erbjuder P.F.C. digitala lösningar som hjälper människor att spendera, spara och hantera sina pengar – allt på ett enda ställe.

Med en kombination av innovativ teknik, modern design och optimal användarvänlighet har P.F.C. redan attraherat uppemot hundratusen användare, och kan nu titulera sig Sveriges snabbast växande bankutmanare. Läs mer på www.getpfc.com.

P.F.C.
Box 55983
102 16 Stockholm