Hudya purchases a Swedish refinancing company, Conteo AB.

Hudya, an Oslo, Norway-based company that operates in the Power, Telecom, Insurance, Banking and Alarm/Smart Home markets, announced that it signed an agreement to buy a Swedish refinancing company, Conteo AB.

The financial details were not disclosed.

With the acquisition of Swedish Conteo AB, Hudya speeds up the process of launching its refinancing service in Sweden in a large market where the company already provides electricity and mobile subscriptions.

Conteo AB is led by CEO Jorge Avila and has a license for credit intermediation in Sweden.

Hudya, founded in 2016 by Børge Leknes (CEO), Morten Kvam and Pål Lauvrak,  is a Nordic operator within the power, telecom, insurance, banking and alarm/smart living markets with headquarters located in Norway. The company has established operations in Norway, Sweden and Denmark with a pro-forma revenue of approx. NOK 190m (2018 estimate).