24SevenFinans gets Swedish Collector Bank as a customer and investor in the company.

Sweden Norway 08 February 2018

24SevenFinans, an Oslo, Norway-based company providing cost efficient invoice purchasing services, announced getting into a business agreement with Stockholm, Sweden-based Collector Bank.

The agreement, which has financial details undisclosed, involves that Collector invests in 24SevenFinans, and that all the bank's customers are offered fully automated billing with credit rating.

24SevenFinans was founded in 2015 and is led by CEO Tobias Lange. In 2016, the company lost money, at a mere NOK 733k ($80k) in revenues.

Collector Bank, headquartered in Gothenburg and founded in 1999 by Lena Apler and Johan Möller, is a niche bank providing financial services to private and corporate customers.

Total investments received (USD): N/A