Nstart aims to tackle debt with sustainable loans

Ahead of our NextGen Nordics conference on April 27, 2022, we will host a weekly briefing of selected top stories emerging from the region and defining the payments innovation model in Denmark, Finland, Iceland, Norway and Sweden.

NextGen Nordics will bring together multiple stakeholders – the banking community, central banks, public authorities and business and commercial beneficiaries – to generate community debate, explore the benefits and offer practical advice on enabling the opportunities of new technologies in the Nordic region. Register for the event here.

Swedish fintech Nstart aims to tackle over-indebtedness with sustainable loans

Nstart strives to challenge legacy credit models and growing over-indebtedness with new technologies and methodologies for sustainable lending. With the intention of offering highly indebted consumers the ability to regain control of their own finances, Nstart has developed new precision filtering technology to analyze consumer financial data in real time.

By controlling this risk, consumers with low credit ratings, seemingly labeled as “unlendable,” have a solution that radically reduces costs and incentivizes the customer to be debt free.

Daniel Ahrenby, CEO of Nstart, says, “Our ultimate goal, for all of our clients, is to help them get rid of their bad credit and become debt free. We have completely redesigned the way we work with consumer credit, creating and using new technologies for managing real-time credit data, risk scoring and lending. This gives us a much deeper understanding of the client’s financial situation than what traditional lenders get. By being able to better control risk, we can offer the most sustainable loan service on the market.

He adds: “We are seeing similar consumer demand in a number of European markets, where the growth of e-commerce and the behavior of BNPL are leading to over-indebtedness. We aim to launch Nstart in a number of countries in the coming years, with the objective of taking the leading position in our field in Europe. We have just launched our service in Norway where we are seeing strong demand.

Nstart also announced its expansion into Norway, as part of a wider European rollout.

DNB and Nets renew their partnership


Nets Group revealed this week that it would extend its framework agreement with Norwegian bank DNB to include the provision of payment services, information technology and other financial services.

Torsten Hagen Jørgensen, CEO of issuer & eSecurity Services at Nets Group, says: “In Norway – one of the most digitized regions in Europe – we have extensive experience in issuing and even growing the entire payment value chain. Extending our partnership with DNB strengthens our position as the leading payment infrastructure enabler in Norway. We will continue to contribute to DNB’s ambitious digitization and growth strategy, ensuring that Norway remains at the forefront of payment innovation. »

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